66,958 Shares in Pan American Silver Corp. $PAAS Bought by Asset One Wealth Management LLC

Asset One Wealth Management LLC acquired a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 66,958 shares of the basic materials company’s stock, valued at approximately $3,591,000.

Other institutional investors have also recently bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Pan American Silver in the 3rd quarter valued at $1,074,000. Vanguard Group Inc. grew its stake in Pan American Silver by 21.2% in the 3rd quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock valued at $666,192,000 after purchasing an additional 3,006,055 shares during the period. TD Asset Management Inc grew its stake in Pan American Silver by 13.9% in the 3rd quarter. TD Asset Management Inc now owns 2,251,564 shares of the basic materials company’s stock valued at $87,270,000 after purchasing an additional 274,591 shares during the period. First Eagle Investment Management LLC bought a new position in Pan American Silver in the 3rd quarter valued at $178,004,000. Finally, RWA Wealth Partners LLC bought a new position in Pan American Silver in the 3rd quarter valued at $570,000. Institutional investors own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and upped their price objective for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Pan American Silver in a research note on Tuesday, April 28th. TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Monday, May 11th. Finally, Wall Street Zen cut Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.00.

Pan American Silver Stock Down 2.9%

Shares of NYSE PAAS opened at $50.44 on Thursday. Pan American Silver Corp. has a one year low of $26.76 and a one year high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. The business’s fifty day moving average price is $54.74 and its 200-day moving average price is $55.13. The stock has a market capitalization of $21.25 billion, a PE ratio of 16.22, a P/E/G ratio of 0.41 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The business’s revenue for the quarter was up 49.3% compared to the same quarter last year. On average, equities research analysts anticipate that Pan American Silver Corp. will post 4.65 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio is currently 23.15%.

Pan American Silver 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.