McAlvany Wealth Management LLC Makes New Investment in Pan American Silver Corp. $PAAS

McAlvany Wealth Management LLC purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 62,547 shares of the basic materials company’s stock, valued at approximately $3,241,000. Pan American Silver makes up about 2.5% of McAlvany Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in 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. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pan American Silver in the fourth quarter worth about $34,000. Rothschild Investment LLC bought a new stake in shares of Pan American Silver in the third quarter worth about $36,000. EverSource Wealth Advisors LLC raised its position in shares of Pan American Silver by 93.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 497 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver during the fourth quarter worth about $41,000. 55.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PAAS. Royal Bank Of Canada reissued 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 cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and increased their target price for the stock from $67.00 to $72.00 in a report on Tuesday, May 12th. Finally, 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 note on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.00.

Pan American Silver Price Performance

NYSE PAAS opened at $49.07 on Friday. The firm’s 50 day moving average is $54.44 and its 200-day moving average is $55.12. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $20.67 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 0.39 and a beta of 0.67. Pan American Silver Corp. has a 12-month low of $26.76 and a 12-month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced 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 net margin of 31.66% and a return on equity of 19.50%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The firm’s revenue was up 49.3% on a year-over-year basis. Equities research analysts anticipate that Pan American Silver Corp. will post 4.65 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently declared 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 was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.5%. Pan American Silver’s dividend payout ratio (DPR) 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.