23,674 Shares in Pan American Silver Corp. $PAAS Purchased by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 23,674 shares of the basic materials company’s stock, valued at approximately $1,227,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Parallel Advisors LLC grew its holdings in shares of Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 387 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Pan American Silver during the third quarter valued at $36,000. EverSource Wealth Advisors LLC grew its stake in Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 497 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver in the 4th quarter worth about $41,000. Finally, Golden State Wealth Management LLC increased its position in Pan American Silver by 173.3% in 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 during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Up 0.1%

Shares of NYSE PAAS opened at $49.07 on Friday. The company has a market cap of $20.67 billion, a PE ratio of 15.78, a P/E/G ratio of 0.39 and a beta of 0.67. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $54.44 and a two-hundred day moving average of $55.12. Pan American Silver Corp. has a 1-year low of $26.76 and a 1-year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results 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. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The firm’s quarterly revenue was up 49.3% on a year-over-year basis. As a group, equities analysts expect that Pan American Silver Corp. will post 4.65 earnings per share 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. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s payout ratio is currently 23.15%.

Analyst Upgrades and Downgrades

Several research firms have commented on PAAS. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, May 12th. TD Securities upgraded shares of 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. Wall Street Zen lowered shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, TD Cowen raised shares of 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 research report on Tuesday, May 12th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

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.