Credit Suisse AG Has $12.90 Million Holdings in Pan American Silver Corp. (NYSE:PAAS)

Posted by Defense World Staff on Aug 26th, 2023

Credit Suisse AG lessened its position in shares of Pan American Silver Corp. (NYSE:PAAS – Free Report) (TSE:PAAS) by 29.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 708,946 shares of the basic materials company’s stock after selling 300,244 shares during the quarter. Credit Suisse AG owned approximately 0.34% of Pan American Silver worth $12,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ronald Blue Trust Inc. boosted its stake in 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 in the last quarter. Captrust Financial Advisors boosted its stake in Pan American Silver by 1,220.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,320 shares of the basic materials company’s stock valued at $26,000 after buying an additional 1,220 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in Pan American Silver in the 4th quarter valued at $38,000. Pacifica Partners Inc. boosted its stake in Pan American Silver by 69.2% in the 1st quarter. Pacifica Partners Inc. now owns 2,343 shares of the basic materials company’s stock valued at $45,000 after buying an additional 958 shares in the last quarter. Finally, FMR LLC boosted its stake in Pan American Silver by 123.1% in the 2nd quarter. FMR LLC now owns 2,441 shares of the basic materials company’s stock valued at $48,000 after buying an additional 1,347 shares in the last quarter. Institutional investors and hedge funds own 60.52% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on PAAS shares. StockNews.com started coverage on Pan American Silver in a research note on Monday, August 21st. They issued a “sell” rating on the stock. Canaccord Genuity Group cut their price objective on Pan American Silver from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.88.

Check Out Our Latest Stock Report on Pan American Silver

Pan American Silver Trading Down 0.9 %

Shares of PAAS opened at $15.71 on Friday. Pan American Silver Corp. has a 52-week low of $13.40 and a 52-week high of $19.84. The company has a current ratio of 2.13, a quick ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $15.68 and a two-hundred day moving average price of $16.09.

Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last released its earnings results 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 firm had revenue of $639.90 million for the quarter, compared to the consensus estimate of $642.16 million. Pan American Silver had a positive return on equity of 0.73% and a negative net margin of 15.77%. The company’s revenue was up 87.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) EPS. As a group, equities research analysts forecast that Pan American Silver Corp. will post 0.43 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 21st will be given a dividend of $0.10 per share. The ex-dividend date is Friday, August 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.55%. Pan American Silver’s payout ratio is currently -33.06%.

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, 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.