66,958 Shares in Pan American Silver Corp. $PAAS Purchased by Asset One Wealth Management LLC

Asset One Wealth Management LLC acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 66,958 shares of the basic materials company’s stock, valued at approximately $3,591,000.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 387 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Pan American Silver during the 4th quarter worth about $34,000. Laurel Wealth Advisors LLC purchased a new stake in Pan American Silver during the 4th quarter worth about $41,000. Golden State Wealth Management LLC lifted its holdings in Pan American Silver by 173.3% during the 4th quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 520 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in Pan American Silver during the 3rd quarter worth about $36,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

NYSE:PAAS opened at $50.44 on Thursday. The business’s 50-day moving average price is $54.74 and its two-hundred day moving average price is $55.13. Pan American Silver Corp. has a twelve month low of $26.76 and a twelve month high of $69.99. The stock has a market cap of $21.25 billion, a P/E ratio of 16.22, a PEG ratio of 0.41 and a beta of 0.67. 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 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. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the firm posted $0.42 EPS. The company’s revenue was up 49.3% compared to the same quarter last year. As a group, equities analysts predict that Pan American Silver Corp. will post 4.65 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. Pan American Silver’s dividend payout ratio is 23.15%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Monday, May 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, May 12th. Finally, Wall Street Zen cut Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

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.