Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes Position in Pan American Silver Corp. $PAAS

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, Holdings Channel reports. The institutional investor bought 63,026 shares of the basic materials company’s stock, valued at approximately $3,265,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Veracity Capital LLC boosted its position in shares of Pan American Silver by 1.9% during the 4th quarter. Veracity Capital LLC now owns 9,868 shares of the basic materials company’s stock valued at $511,000 after acquiring an additional 185 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of Pan American Silver by 4.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,507 shares of the basic materials company’s stock valued at $337,000 after acquiring an additional 262 shares during the last quarter. Harvest Portfolios Group Inc. boosted its position in shares of Pan American Silver by 0.9% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 36,240 shares of the basic materials company’s stock valued at $1,404,000 after acquiring an additional 318 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of Pan American Silver by 7.9% during the 4th quarter. CoreCap Advisors LLC now owns 4,535 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 331 shares during the last quarter. Finally, Alta Wealth Advisors LLC boosted its position in shares of Pan American Silver by 4.7% during the 4th quarter. Alta Wealth Advisors LLC now owns 8,351 shares of the basic materials company’s stock valued at $433,000 after acquiring an additional 375 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, May 12th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and increased their target price for the company from $67.00 to $72.00 in a research report on Tuesday, May 12th. Jefferies Financial Group lowered their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Pan American Silver presently has an average rating of “Moderate Buy” and an average target price of $68.00.

Pan American Silver Stock Up 3.8%

Shares of PAAS opened at $54.89 on Thursday. The company has a market cap of $23.13 billion, a PE ratio of 17.65, a P/E/G ratio of 0.42 and a beta of 0.65. The business has a fifty day moving average of $55.64 and a 200 day moving average of $53.13. Pan American Silver Corp. has a 52-week low of $23.36 and a 52-week high of $69.99. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.Pan American Silver’s revenue was up 49.3% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. On average, sell-side analysts expect that Pan American Silver Corp. will post 4.65 EPS for the current year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be given a $0.18 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. Pan American Silver’s dividend payout ratio (DPR) is currently 23.15%.

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.