Groupe la Francaise Boosts Stock Position in Pan American Silver Corp. $PAAS

Groupe la Francaise lifted its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 63.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 340,000 shares of the basic materials company’s stock after purchasing an additional 132,500 shares during the quarter. Groupe la Francaise’s holdings in Pan American Silver were worth $18,539,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Parallel Advisors LLC grew its stake in shares of Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after buying an additional 387 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Pan American Silver by 1,336.1% during the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after buying an additional 481 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Pan American Silver in the 4th quarter valued at about $34,000. Laurel Wealth Advisors LLC bought a new position in shares of Pan American Silver in the 4th quarter valued at about $41,000. Finally, Golden State Wealth Management LLC grew its position in Pan American Silver by 173.3% in the fourth quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 520 shares in the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

PAAS stock opened at $44.03 on Friday. The stock has a market cap of $18.36 billion, a PE ratio of 14.16, a P/E/G ratio of 3.65 and a beta of 0.72. Pan American Silver Corp. has a 12 month low of $26.76 and a 12 month high of $69.99. The company has a 50-day moving average price of $47.19 and a 200 day moving average price of $53.88. 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 (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 EPS. Equities research analysts anticipate that Pan American Silver Corp. will post 4.15 earnings per share for the current year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.6%. Pan American Silver’s dividend payout ratio is currently 23.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PAAS shares. Bank of America reduced their price objective on Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Scotiabank reiterated an “outperform” rating on shares of Pan American Silver in a report on Tuesday, July 14th. Jefferies Financial Group cut their target price on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, July 6th. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. Eight investment 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $70.43.

Pan American Silver Company 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.