Allianz Asset Management GmbH Buys 10,743 Shares of Pan American Silver Corp. $PAAS

Allianz Asset Management GmbH increased its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 11.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 106,384 shares of the basic materials company’s stock after purchasing an additional 10,743 shares during the period. Allianz Asset Management GmbH’s holdings in Pan American Silver were worth $4,123,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its stake in Pan American Silver by 5,674.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock worth $174,406,000 after buying an additional 6,034,755 shares in the last quarter. Norges Bank acquired a new stake in shares of Pan American Silver during the 2nd quarter worth approximately $155,281,000. Invesco Ltd. increased its stake in Pan American Silver by 49.5% in the second quarter. Invesco Ltd. now owns 9,016,262 shares of the basic materials company’s stock valued at $256,062,000 after acquiring an additional 2,986,434 shares during the last quarter. North of South Capital LLP raised its position in Pan American Silver by 444.2% during the third quarter. North of South Capital LLP now owns 3,000,056 shares of the basic materials company’s stock valued at $116,192,000 after purchasing an additional 2,448,778 shares in the last quarter. Finally, AGF Management Ltd. bought a new stake in Pan American Silver during the second quarter worth $59,883,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $59.31 on Wednesday. The business has a 50-day moving average price of $54.11 and a two-hundred day moving average price of $42.23. Pan American Silver Corp. has a 1-year low of $20.55 and a 1-year high of $69.99. The company has a market cap of $25.02 billion, a P/E ratio of 34.28, a PEG ratio of 0.61 and a beta of 0.66. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. As a group, analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on PAAS shares. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Jefferies Financial Group lowered their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Scotiabank increased their target price on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Pan American Silver presently has an average rating of “Moderate Buy” and a consensus target price of $56.60.

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.