Vanguard Group Inc. Raises Stock Holdings in Pan American Silver Corp. $PAAS

Key Points

• Vanguard Group raised its Pan American Silver stake 1.6% in Q4 to 17,465,779 shares, owning 4.14% of the company valued at about $905.5 million.
• Q4 results beat expectations with $1.11 EPS vs. $0.90 expected and $1.18B revenue (up 44.7% year‑over‑year), and the company raised its quarterly dividend to $0.18 ($0.72 annual).
• Analysts hold a consensus "Moderate Buy" rating with an average price target of $59.67, and several firms (CIBC, RBC, Scotiabank) have issued outperform or higher target updates.

Vanguard Group Inc. lifted its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,465,779 shares of the basic materials company's stock after purchasing an additional 274,168 shares during the quarter. Vanguard Group Inc. owned 4.14% of Pan American Silver worth $905,513,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in shares of Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company's stock worth $25,000 after purchasing an additional 387 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Pan American Silver during the third quarter worth about $36,000. EverSource Wealth Advisors LLC grew its holdings in shares of Pan American Silver by 93.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company's stock worth $40,000 after purchasing an additional 497 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Pan American Silver by 3,111.4% during the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company's stock worth $44,000 after purchasing an additional 1,089 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new position in shares of Pan American Silver during the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Analyst Ratings Changes

PAAS has been the subject of several recent analyst reports. Wall Street Zen raised Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Saturday. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the stock an "outperform" rating in a research note on Wednesday, February 4th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. Zacks Research lowered Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 22nd. Finally, Scotiabank upped their target price on Pan American Silver from $47.00 to $64.00 and gave the stock an "outperform" rating in a research note on Monday, January 26th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $59.67.

Pan American Silver Stock Down 0.9%

Shares of PAAS opened at $51.80 on Friday. The firm has a market cap of $21.83 billion, a P/E ratio of 20.72, a P/E/G ratio of 0.43 and a beta of 0.65. The stock has a 50 day simple moving average of $57.08 and a two-hundred day simple moving average of $51.29. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97. Pan American Silver Corp. has a 1 year low of $22.08 and a 1 year high of $69.99.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.21. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.Pan American Silver's revenue for the quarter was up 44.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, analysts forecast that Pan American Silver Corp. will post 4.45 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

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

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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