Fund Advisors of America Inc FL Acquires Shares of 12,644 Pan American Silver Corp. $PAAS

Fund Advisors of America Inc FL acquired a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,644 shares of the basic materials company’s stock, valued at approximately $655,000.

Other hedge funds also recently added to or reduced their stakes in the company. Corient Private Wealth LLC acquired a new stake in shares of Pan American Silver in the 4th quarter valued at about $208,000. Fearnley Asset Management AS bought a new position in shares of Pan American Silver during the fourth quarter worth about $3,259,000. Caitong International Asset Management Co. Ltd acquired a new stake in Pan American Silver during the fourth quarter valued at approximately $1,227,000. Compound Planning Inc. grew its position in shares of Pan American Silver by 27.0% in the 4th quarter. Compound Planning Inc. now owns 16,776 shares of the basic materials company’s stock worth $869,000 after acquiring an additional 3,562 shares in the last quarter. Finally, TMB Capital Partners LLC acquired a new position in shares of Pan American Silver in the 4th quarter worth approximately $253,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

PAAS opened at $49.07 on Friday. The company has a market capitalization of $20.67 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 0.39 and a beta of 0.67. 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 Corp. has a 1-year low of $26.76 and a 1-year high of $69.99. The business has a 50 day moving average price of $54.44 and a two-hundred day moving average price of $55.12.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping 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 business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the firm posted $0.42 earnings per share. Pan American Silver’s revenue was up 49.3% compared to the same quarter last year. Research 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 announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.5%. Pan American Silver’s payout ratio is currently 23.15%.

Analyst Ratings Changes

Several research firms recently issued reports on PAAS. 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 research report on Monday, May 11th. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, May 12th. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and raised their price target for the stock from $67.00 to $72.00 in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

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.