Weiss Asset Management LP Acquires 285,203 Shares of Pan American Silver Corp. $PAAS

Weiss Asset Management LP increased its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 497.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 342,503 shares of the basic materials company’s stock after buying an additional 285,203 shares during the period. Weiss Asset Management LP’s holdings in Pan American Silver were worth $18,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Parallel Advisors LLC grew its position in Pan American Silver by 151.8% during the third 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 increased its stake in 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 worth $28,000 after acquiring an additional 481 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Pan American Silver in the 4th quarter valued at $34,000. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver in the 4th quarter valued at $41,000. Finally, Golden State Wealth Management LLC lifted its position in shares of 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 valued at $42,000 after acquiring an additional 520 shares during the period. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Down 0.4%

NYSE PAAS opened at $44.03 on Friday. The business has a fifty day moving average price of $48.07 and a two-hundred day moving average price of $54.17. The stock has a market capitalization of $18.36 billion, a PE ratio of 14.16, a PEG ratio of 3.89 and a beta of 0.72. Pan American Silver Corp. has a fifty-two week low of $26.76 and a fifty-two week high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11.

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, 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 company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company posted $0.42 EPS. The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. Equities analysts expect that Pan American Silver Corp. will post 4.02 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 annualized dividend and a yield of 1.6%. Pan American Silver’s dividend payout ratio (DPR) is 23.15%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and increased their target price for the stock from $67.00 to $72.00 in a report on Tuesday, May 12th. TD Securities raised 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. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Jefferies Financial Group reduced their price objective on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, July 6th. Finally, Bank of America decreased their target price on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.