Golden State Equity Partners Acquires 10,000 Shares of Pan American Silver Corp. (NYSE:PAAS)

Golden State Equity Partners boosted its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 50.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the basic materials company’s stock after purchasing an additional 10,000 shares during the period. Golden State Equity Partners’ holdings in Pan American Silver were worth $775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Pan American Silver during the fourth quarter worth $32,000. Farther Finance Advisors LLC increased its holdings in shares of Pan American Silver by 164.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company’s stock worth $39,000 after buying an additional 1,209 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Pan American Silver during the fourth quarter worth $43,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Pan American Silver during the fourth quarter worth $53,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Pan American Silver by 23.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company’s stock worth $58,000 after buying an additional 549 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Performance

Shares of PAAS opened at $28.70 on Thursday. The company has a current ratio of 2.93, a quick ratio of 1.94 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $10.39 billion, a P/E ratio of 32.99, a price-to-earnings-growth ratio of 0.51 and a beta of 0.63. The firm’s fifty day simple moving average is $26.01 and its two-hundred day simple moving average is $24.37. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $29.66.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.23. The business had revenue of $773.20 million for the quarter, compared to analysts’ expectations of $696.62 million. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 earnings per share. As a group, analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.39%. Pan American Silver’s dividend payout ratio (DPR) is currently 45.98%.

Analyst Upgrades and Downgrades

PAAS has been the subject of several research analyst reports. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 15th. CIBC increased their price objective on Pan American Silver from $38.00 to $42.00 and gave the company an “outperformer” rating in a report on Thursday, May 8th. BMO Capital Markets assumed coverage on Pan American Silver in a report on Wednesday, April 16th. They issued a “market perform” rating for the company. Finally, TD Securities decreased their price objective on Pan American Silver from $30.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.60.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.