Eurizon Capital SGR S.p.A. Makes New Investment in Pan American Silver Corp. $PAAS

Eurizon Capital SGR S.p.A. purchased a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 53,829 shares of the basic materials company’s stock, valued at approximately $2,821,000.

Other large investors also recently modified their holdings of the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Pan American Silver in the 3rd quarter valued at about $1,074,000. Vanguard Group Inc. grew its holdings in shares of Pan American Silver by 21.2% during the third quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock worth $666,192,000 after buying an additional 3,006,055 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Pan American Silver by 13.9% during the third quarter. TD Asset Management Inc now owns 2,251,564 shares of the basic materials company’s stock worth $87,270,000 after buying an additional 274,591 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of Pan American Silver during the third quarter worth about $178,004,000. Finally, RWA Wealth Partners LLC bought a new position in Pan American Silver in the third quarter valued at approximately $570,000. 55.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a research note on Tuesday, April 28th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Canadian Imperial Bank of Commerce set a $88.00 price target on Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Finally, TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Monday, May 11th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

Pan American Silver Stock Performance

NYSE:PAAS opened at $55.59 on Tuesday. The stock has a market cap of $23.42 billion, a P/E ratio of 17.87, a PEG ratio of 0.45 and a beta of 0.65. The stock has a 50 day simple moving average of $55.41 and a 200 day simple moving average of $54.24. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 1-year low of $24.90 and a 1-year 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, topping the consensus estimate of $1.06 by $0.03. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period last year, the firm posted $0.42 EPS. Research analysts anticipate that Pan American Silver Corp. will post 4.65 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is presently 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.