Fearnley Asset Management AS Makes New $3.26 Million Investment in Pan American Silver Corp. $PAAS

Fearnley Asset Management AS purchased a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 62,900 shares of the basic materials company’s stock, valued at approximately $3,259,000. Pan American Silver makes up about 1.5% of Fearnley Asset Management AS’s investment portfolio, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Pan American Silver in the fourth quarter worth $1,227,000. Compound Planning Inc. grew its position in Pan American Silver by 27.0% during the 4th quarter. Compound Planning Inc. now owns 16,776 shares of the basic materials company’s stock valued at $869,000 after purchasing an additional 3,562 shares during the last quarter. TMB Capital Partners LLC bought a new stake in Pan American Silver during the 4th quarter valued at about $253,000. Corient Private Wealth LLC bought a new stake in Pan American Silver during the 4th quarter valued at about $634,000. Finally, Strive Financial Group LLC purchased a new position in Pan American Silver in the fourth quarter worth about $145,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on PAAS. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and increased their price objective for the company from $67.00 to $72.00 in a research report on Tuesday, May 12th. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a research note on Tuesday, April 28th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Monday, May 11th. Finally, Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.00.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $49.07 on Friday. The firm’s 50 day simple moving average is $54.44 and its two-hundred day simple moving average is $55.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. The company has a market capitalization of $20.67 billion, a P/E ratio of 15.78, a P/E/G ratio of 0.39 and a beta of 0.67. 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, beating analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. Pan American Silver’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 EPS. Research analysts expect that Pan American Silver Corp. will post 4.65 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business 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 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is 23.15%.

Pan American Silver 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.