Acadian Asset Management LLC purchased a new stake in Pan American Silver Corp. (NYSE:PAAS – Free Report) (TSE:PAAS) in the 2nd quarter, Holdings Channel reports. The firm purchased 6,503 shares of the basic materials company’s stock, valued at approximately $94,000.
A number of other institutional investors and hedge funds also recently modified their holdings of PAAS. Van ECK Associates Corp increased its position in Pan American Silver by 53.8% during the second quarter. Van ECK Associates Corp now owns 38,191,961 shares of the basic materials company’s stock worth $556,838,000 after purchasing an additional 13,362,403 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Pan American Silver by 94,294.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 35,309,364 shares of the basic materials company’s stock worth $576,955,000 after buying an additional 35,271,958 shares during the last quarter. BlackRock Inc. raised its position in shares of Pan American Silver by 21.3% in the 1st quarter. BlackRock Inc. now owns 7,493,764 shares of the basic materials company’s stock worth $136,387,000 after buying an additional 1,314,996 shares during the period. Vanguard Group Inc. boosted its holdings in Pan American Silver by 3.5% in the third quarter. Vanguard Group Inc. now owns 7,040,434 shares of the basic materials company’s stock valued at $111,802,000 after acquiring an additional 237,360 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Pan American Silver by 18.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,585,426 shares of the basic materials company’s stock valued at $65,417,000 after acquiring an additional 551,576 shares during the period. Institutional investors and hedge funds own 85.50% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. TD Securities reduced their price objective on Pan American Silver from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. Canaccord Genuity Group reduced their target price on shares of Pan American Silver from $30.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, July 24th. Finally, StockNews.com upgraded Pan American Silver from a “sell” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.63.
Pan American Silver Trading Down 0.4 %
NYSE PAAS opened at $14.26 on Tuesday. The company’s fifty day simple moving average is $14.76 and its 200-day simple moving average is $15.22. The stock has a market cap of $5.20 billion, a P/E ratio of -15.33 and a beta of 1.27. Pan American Silver Corp. has a 52 week low of $13.13 and a 52 week high of $19.84. The company has a current ratio of 2.29, a quick ratio of 1.20 and a debt-to-equity ratio of 0.15.
Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last announced its earnings results on Wednesday, November 8th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The business had revenue of $616.30 million for the quarter, compared to analysts’ expectations of $661.22 million. Pan American Silver had a positive return on equity of 0.76% and a negative net margin of 11.19%. The firm’s revenue was up 81.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.01) earnings per share. Equities research analysts predict that Pan American Silver Corp. will post 0.3 EPS for the current fiscal year.
Pan American Silver Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, November 17th. Pan American Silver’s dividend payout ratio (DPR) is currently -43.01%.
Pan American Silver Profile
Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, and Cap-Oeste Sur Este mines.
- Five stocks we like better than Pan American Silver
- What Makes a Stock a Good Dividend Stock?
- The most upgraded stocks in November have two things in common
- High Flyers: 3 Natural Gas Stocks for March 2022
- Monday.com rocked earnings like it’s the weekend
- How to Use Stock Screeners to Find Stocks
- Plan to own one retailer? Make it this one
Receive News & Ratings for Pan American Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver and related companies with MarketBeat.com's FREE daily email newsletter.