Andra AP fonden Raises Holdings in Pan American Silver Corp. $PAAS

Andra AP fonden lifted its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 293.6% during the 1st quarter, HoldingsChannel reports. The firm owned 188,445 shares of the basic materials company’s stock after purchasing an additional 140,563 shares during the quarter. Andra AP fonden’s holdings in Pan American Silver were worth $10,295,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PAAS. Commonwealth Financial Services LLC purchased a new position in Pan American Silver during the first quarter worth about $260,000. Parallel Advisors LLC increased its holdings in shares of Pan American Silver by 103.1% during the 1st quarter. Parallel Advisors LLC now owns 1,310 shares of the basic materials company’s stock worth $72,000 after buying an additional 665 shares during the last quarter. AlphaCentric Advisors LLC purchased a new stake in shares of Pan American Silver during the 1st quarter valued at approximately $51,000. SEB Asset Management AB acquired a new position in Pan American Silver in the first quarter valued at approximately $3,327,000. Finally, Swiss National Bank lifted its holdings in Pan American Silver by 27.0% in the first quarter. Swiss National Bank now owns 1,420,702 shares of the basic materials company’s stock valued at $77,605,000 after acquiring an additional 302,100 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PAAS. Jefferies Financial Group lowered their target price on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, July 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a research report on Tuesday, April 28th. Zacks Research lowered Pan American Silver from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Finally, TD Cowen upgraded 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. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.43.

Pan American Silver Stock Up 5.4%

PAAS stock opened at $44.46 on Wednesday. The company’s 50 day moving average price is $49.03 and its 200 day moving average price is $54.33. The firm has a market capitalization of $18.54 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 3.73 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 quick ratio of 2.11 and a current ratio of 2.84.

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 analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was up 49.3% compared to the same quarter last year. On average, equities research analysts anticipate that Pan American Silver Corp. will post 4.02 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. Stockholders of record on Tuesday, May 19th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s payout ratio is currently 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.