Eurizon Capital SGR S.p.A. Takes Position in Pan American Silver Corp. $PAAS

Eurizon Capital SGR S.p.A. purchased a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 53,829 shares of the basic materials company’s stock, valued at approximately $2,821,000.

Other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC boosted its stake in Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after buying an additional 387 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in Pan American Silver in the 4th quarter valued at $41,000. Rothschild Investment LLC acquired a new stake in Pan American Silver in the 3rd quarter valued at $36,000. Trust Co. of Vermont acquired a new stake in Pan American Silver in the 4th quarter valued at $48,000. Finally, Allworth Financial LP boosted its stake in Pan American Silver by 92.9% in the 4th quarter. Allworth Financial LP now owns 1,005 shares of the basic materials company’s stock valued at $52,000 after buying an additional 484 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Trading Down 2.5%

NYSE:PAAS opened at $55.59 on Tuesday. Pan American Silver Corp. has a 1-year low of $24.90 and a 1-year high of $69.99. The business’s 50-day moving average price is $55.41 and its two-hundred day moving average price is $54.24. 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 firm has a market capitalization of $23.42 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 0.45 and a beta of 0.65.

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 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 firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was up 49.3% on a year-over-year basis. On average, equities analysts expect that Pan American Silver Corp. will post 4.65 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 annualized dividend and a yield of 1.3%. Pan American Silver’s dividend payout ratio is presently 23.15%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. 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. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.