Pan American Silver Corp. $PAAS is Wealth High Governance Capital Ltda’s 4th Largest Position

Wealth High Governance Capital Ltda grew its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 102.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 316,199 shares of the basic materials company’s stock after purchasing an additional 160,219 shares during the quarter. Pan American Silver makes up about 5.2% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 4th largest position. Wealth High Governance Capital Ltda’s holdings in Pan American Silver were worth $17,274,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in Pan American Silver by 48.6% in the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock worth $504,000 after buying an additional 6,391 shares during the last quarter. Jones Financial Companies Lllp grew its position in Pan American Silver by 574.9% during the first quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock valued at $504,000 after acquiring an additional 16,626 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Pan American Silver by 31.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock valued at $38,728,000 after acquiring an additional 360,283 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Pan American Silver during the first quarter worth approximately $1,272,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Pan American Silver by 53.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 594 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $43.08 on Monday. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The company has a market cap of $17.97 billion, a PE ratio of 13.85, a P/E/G ratio of 3.70 and a beta of 0.73. The business has a 50 day moving average of $46.98 and a 200 day moving average of $53.79. Pan American Silver Corp. has a 52 week low of $26.76 and a 52 week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.03. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share. As a group, equities research analysts forecast that Pan American Silver Corp. will post 4.15 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is currently 23.15%.

Analysts Set New Price Targets

Several equities analysts recently commented on PAAS shares. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a report on Tuesday, July 14th. Zacks Research downgraded shares of Pan American Silver from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Wall Street Zen lowered shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a research note on Tuesday, April 28th. Finally, TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Monday, May 11th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.43.

About Pan American Silver

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.