Pictet Asset Management Holding SA Grows Stock Holdings in Pan American Silver Corp. $PAAS

Key Points

• Pictet Asset Management increased its stake in Pan American Silver by 27.2% in Q4 to 211,920 shares (about $11.0M), while institutional investors hold 55.43% of the stock and Goldman Sachs raised its position to 1.499M shares—signaling notable institutional accumulation.
• Pan American Silver reported a strong quarter with EPS of $1.11 versus $0.90 expected and revenue of $1.18B (up 44.7% YoY), and analysts forecast about $4.45 EPS for the current year.
• The company raised its quarterly dividend to $0.18 (annualized $0.72, yield ~1.4%), and the stock carries a consensus rating of "Moderate Buy" with an average price target of $59.67.

Pictet Asset Management Holding SA lifted its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 27.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,920 shares of the basic materials company's stock after purchasing an additional 45,381 shares during the period. Pictet Asset Management Holding SA owned about 0.05% of Pan American Silver worth $11,002,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PAAS. AQR Capital Management LLC lifted its position in shares of Pan American Silver by 48.6% during the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company's stock worth $504,000 after purchasing an additional 6,391 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Pan American Silver by 574.9% during the 1st quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company's stock worth $504,000 after acquiring an additional 16,626 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Pan American Silver by 31.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company's stock worth $38,728,000 after acquiring an additional 360,283 shares in the last quarter. Empowered Funds LLC acquired a new stake in Pan American Silver during the 1st quarter worth $1,272,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company's stock worth $48,000 after acquiring an additional 594 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Trading Down 0.9%

NYSE PAAS opened at $51.80 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.69. The firm has a market cap of $21.83 billion, a PE ratio of 20.72, a P/E/G ratio of 0.43 and a beta of 0.65. Pan American Silver Corp. has a one year low of $22.08 and a one year high of $69.99. The firm's fifty day moving average is $57.08 and its two-hundred day moving average is $51.29.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.21. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. Pan American Silver's quarterly revenue was up 44.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share. Analysts expect that Pan American Silver Corp. will post 4.45 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were paid a $0.18 dividend. This is a boost from Pan American Silver's previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, March 2nd. Pan American Silver's dividend payout ratio (DPR) is presently 28.80%.

Analyst Ratings Changes

PAAS has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Jefferies Financial Group cut their price target on shares of Pan American Silver from $58.00 to $54.00 and set a "hold" rating on the stock in a research note on Wednesday, January 21st. Royal Bank Of Canada reiterated an "outperform" rating and set a $75.00 price target on shares of Pan American Silver in a research note on Tuesday, April 28th. Scotiabank lifted their price target on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an "outperform" rating in a research note on Monday, January 26th. Finally, Zacks Research lowered shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 22nd. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Pan American Silver currently has a consensus rating of "Moderate Buy" and an average price target of $59.67.

Pan American Silver Company Profile

Pan American Silver Corp. NYSE: PAAS is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.

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