Swiss National Bank boosted its position in Pan American Silver Corp. (NYSE:PAAS – Free Report) (TSE:PAAS) by 18.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,050,000 shares of the basic materials company’s stock after buying an additional 162,200 shares during the quarter. Swiss National Bank owned approximately 0.50% of Pan American Silver worth $19,134,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors raised its position in shares of Pan American Silver by 1,220.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,320 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 1,220 shares in the last quarter. Ronald Blue Trust Inc. boosted its holdings in shares of Pan American Silver by 2,892.0% in the 1st quarter. Ronald Blue Trust Inc. now owns 1,496 shares of the basic materials company’s stock valued at $25,000 after buying an additional 1,446 shares during the period. Pacifica Partners Inc. raised its stake in Pan American Silver by 69.2% during the first quarter. Pacifica Partners Inc. now owns 2,343 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 958 shares during the period. U.S. Capital Wealth Advisors LLC bought a new position in Pan American Silver in the fourth quarter worth about $38,000. Finally, FMR LLC lifted its holdings in Pan American Silver by 123.1% in the second quarter. FMR LLC now owns 2,441 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,347 shares during the last quarter. Institutional investors and hedge funds own 60.52% of the company’s stock.
Wall Street Analyst Weigh In
PAAS has been the topic of several recent research reports. StockNews.com began coverage on Pan American Silver in a report on Monday. They issued a “sell” rating on the stock. Canaccord Genuity Group cut their target price on Pan American Silver from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.88.
Pan American Silver Price Performance
Shares of PAAS stock opened at $15.43 on Wednesday. The business has a 50 day simple moving average of $15.62 and a 200 day simple moving average of $16.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.13 and a quick ratio of 1.09. Pan American Silver Corp. has a 12-month low of $13.40 and a 12-month high of $19.84.
Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last issued its quarterly earnings data on Thursday, August 10th. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). The company had revenue of $639.90 million for the quarter, compared to the consensus estimate of $642.16 million. Pan American Silver had a negative net margin of 15.77% and a positive return on equity of 0.73%. Pan American Silver’s revenue for the quarter was up 87.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. Sell-side analysts anticipate that Pan American Silver Corp. will post 0.43 earnings per share for the current year.
Pan American Silver Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 21st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Friday, August 18th. Pan American Silver’s dividend payout ratio (DPR) is presently -33.06%.
Pan American Silver Profile
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, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, and Cap-Oeste Sur Este mines.
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