Pan American Silver Corp. $PAAS Stock Position Lifted by Wealth High Governance Asset Management Ltda.

Wealth High Governance Asset Management Ltda. increased its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 204.0% in the first quarter, HoldingsChannel reports. The fund owned 267,602 shares of the basic materials company’s stock after purchasing an additional 179,562 shares during the period. Pan American Silver makes up about 5.2% of Wealth High Governance Asset Management Ltda.’s portfolio, making the stock its 4th biggest position. Wealth High Governance Asset Management Ltda.’s holdings in Pan American Silver were worth $14,619,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of PAAS. Parallel Advisors LLC increased 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 worth $25,000 after purchasing an additional 387 shares during the period. Fifth Third Bancorp grew its holdings in shares of Pan American Silver by 1,336.1% in the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 481 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Pan American Silver in the fourth quarter worth $34,000. Laurel Wealth Advisors LLC purchased a new position in shares of Pan American Silver in the fourth quarter worth $41,000. Finally, Golden State Wealth Management LLC raised its holdings 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 buying an additional 520 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Stock Performance

Shares of PAAS opened at $43.08 on Monday. 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 one year low of $26.76 and a one year high of $69.99. The company has a 50-day simple moving average of $46.98 and a two-hundred day simple moving average of $53.79. The firm has a market capitalization of $17.97 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 3.70 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data 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 business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm posted $0.42 EPS. The business’s revenue was up 49.3% on a year-over-year basis. On average, analysts anticipate that Pan American Silver Corp. will post 4.15 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were issued 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 1.7%. Pan American Silver’s dividend payout ratio is 23.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PAAS shares. Scotiabank restated an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Monday, May 11th. Weiss Ratings lowered Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Finally, Bank of America reduced their target price on Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Pan American Silver presently has a consensus 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.