Pan American Silver Corp. $PAAS Stock Sold by Alps Advisors Inc.

Key Points

• Alps Advisors cut its Pan American Silver stake by 29% in the third quarter, selling 24,584 shares and retaining 60,210 shares valued at about $2.74 million.
• Pan American Silver reported quarterly EPS of $0.69, above the $0.66 consensus estimate, while revenue of $1.01 billion fell short of expectations; revenue rose 17.7% year over year.
• The company raised its quarterly dividend to $0.185 per share. Analysts’ consensus rating is Moderate Buy, with a $67.71 average price target.

Alps Advisors Inc. decreased its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 29.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,210 shares of the basic materials company's stock after selling 24,584 shares during the quarter. Alps Advisors Inc.'s holdings in Pan American Silver were worth $2,740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. General American Investors Co. Inc. acquired a new position in Pan American Silver during the 3rd quarter valued at about $6,144,000. Commonwealth Equity Services LLC raised its stake in shares of Pan American Silver by 2.7% in the third quarter. Commonwealth Equity Services LLC now owns 70,461 shares of the basic materials company's stock worth $3,207,000 after purchasing an additional 1,820 shares during the last quarter. McAlvany Wealth Management LLC raised its stake in shares of Pan American Silver by 22.3% in the third quarter. McAlvany Wealth Management LLC now owns 65,400 shares of the basic materials company's stock worth $2,976,000 after purchasing an additional 11,939 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Pan American Silver by 706.1% in the third quarter. International Assets Investment Management LLC now owns 80,897 shares of the basic materials company's stock valued at $3,682,000 after purchasing an additional 70,861 shares in the last quarter. Finally, VestGen Advisors LLC lifted its holdings in shares of Pan American Silver by 16.0% in the third quarter. VestGen Advisors LLC now owns 30,846 shares of the basic materials company's stock valued at $1,404,000 after purchasing an additional 4,264 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PAAS has been the topic of several analyst reports. Weiss Ratings cut Pan American Silver from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 30th. Scotiabank reissued an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 14th. BMO Capital Markets restated a "market perform" rating on shares of Pan American Silver in a research note on Thursday, August 13th. Wall Street Zen downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Zacks Research raised shares of Pan American Silver from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 18th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Pan American Silver currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.71.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $42.38 on Tuesday. The business's fifty day simple moving average is $45.69 and its 200 day simple moving average is $51.36. The firm has a market capitalization of $17.47 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 4.66 and a beta of 0.76. Pan American Silver Corp. has a 12 month low of $35.82 and a 12 month high of $69.99. The company has a current ratio of 2.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.03. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Pan American Silver had a net margin of 35.18% and a return on equity of 21.05%. The firm's quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. As a group, analysts anticipate that Pan American Silver Corp. will post 3.34 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be given a $0.1850 dividend. This is a positive change from Pan American Silver's previous quarterly dividend of $0.1840. This represents a $0.74 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, November 16th. Pan American Silver's payout ratio is presently 19.84%.

Pan American Silver Company Profile

Pan American Silver Corp. is a mining company focused on the exploration, development and operation of silver and gold mines. Its products also include by-products such as zinc, lead and copper, which are recovered during mining and processing.

Founded in 1994 and headquartered in Vancouver, British Columbia, the company operates mines and holds exploration and development interests in Canada and Latin America. Its portfolio has expanded over time through acquisitions, including its 2023 acquisition of Yamana Gold's Canadian assets and interests in several mines in Latin America.

Pan American Silver's activities span the mining lifecycle, from mineral exploration and project development to ore processing and the sale of produced metals.

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