Empowered Funds LLC Has $5.16 Million Stock Holdings in Pan American Silver Corp. $PAAS

Empowered Funds LLC raised its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 42.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,404 shares of the basic materials company’s stock after buying an additional 28,004 shares during the period. Empowered Funds LLC’s holdings in Pan American Silver were worth $5,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Parallel Advisors LLC increased its position in shares of Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 387 shares in the last quarter. Fifth Third Bancorp lifted its position in Pan American Silver by 1,336.1% in the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 481 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Pan American Silver in the 4th quarter valued at about $34,000. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver during the 4th quarter valued at about $41,000. Finally, Golden State Wealth Management LLC boosted its stake in Pan American Silver by 173.3% during the 4th quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 520 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Trading Down 2.2%

NYSE PAAS opened at $43.08 on Friday. The stock has a market capitalization of $17.97 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 3.70 and a beta of 0.72. Pan American Silver Corp. has a one year low of $26.76 and a one year high of $69.99. 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 business’s fifty day moving average is $46.98 and its 200-day moving average is $53.80.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly 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 net margin of 31.66% and a return on equity of 19.50%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 49.3% on a year-over-year basis. Equities research analysts predict that Pan American Silver Corp. will post 4.15 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio is currently 23.15%.

Analysts Set New Price Targets

A number of brokerages have commented on PAAS. 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 report on Tuesday, May 12th. TD Securities upgraded 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. Zacks Research cut Pan American Silver from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Scotiabank reissued an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.43.

Pan American Silver Company 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.