Stock Yards Bank & Trust Co. purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,000 shares of the basic materials company's stock, valued at approximately $232,000.
Several other large investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its holdings in Pan American Silver by 11.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 488,119 shares of the basic materials company's stock worth $9,869,000 after purchasing an additional 48,419 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Pan American Silver by 12.5% in the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock worth $121,000 after buying an additional 664 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Pan American Silver during the fourth quarter worth $735,000. Truist Financial Corp grew its stake in Pan American Silver by 8.7% during the fourth quarter. Truist Financial Corp now owns 54,533 shares of the basic materials company's stock valued at $1,103,000 after acquiring an additional 4,358 shares in the last quarter. Finally, Alberta Investment Management Corp increased its holdings in Pan American Silver by 14.4% in the 4th quarter. Alberta Investment Management Corp now owns 1,108,186 shares of the basic materials company's stock valued at $22,407,000 after acquiring an additional 139,661 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
PAAS has been the subject of a number of research analyst reports. BMO Capital Markets assumed coverage on Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating for the company. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. CIBC raised their target price on shares of Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a report on Thursday, May 8th. Finally, National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $30.60.
Get Our Latest Report on Pan American Silver
Pan American Silver Trading Down 0.3%
NYSE PAAS traded down $0.10 on Monday, hitting $28.91. 6,005,303 shares of the stock were exchanged, compared to its average volume of 3,916,110. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $29.66. The firm has a market capitalization of $10.47 billion, a P/E ratio of 90.35 and a beta of 0.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The stock has a fifty day moving average price of $25.47 and a two-hundred day moving average price of $24.03.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.19 by $0.23. The company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $696.62 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm's revenue was up 28.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 EPS. Research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.
Pan American Silver Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's dividend payout ratio is currently 45.98%.
About Pan American Silver
(
Free Report)
Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.
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