Pan American Silver Corp. $PAAS Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 27.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 211,920 shares of the basic materials company’s stock after purchasing an additional 45,381 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Pan American Silver were worth $11,002,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Pan American Silver by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock valued at $905,513,000 after purchasing an additional 274,168 shares during the period. Veracity Capital LLC boosted its holdings in shares of Pan American Silver by 1.9% in the fourth quarter. Veracity Capital LLC now owns 9,868 shares of the basic materials company’s stock valued at $511,000 after acquiring an additional 185 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of Pan American Silver by 130.1% in the fourth quarter. Concurrent Investment Advisors LLC now owns 20,335 shares of the basic materials company’s stock valued at $1,054,000 after acquiring an additional 11,496 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Pan American Silver by 1,032.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 6,593 shares of the basic materials company’s stock valued at $342,000 after acquiring an additional 6,011 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc. purchased a new stake in shares of Pan American Silver in the fourth quarter valued at about $199,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PAAS shares. Scotiabank boosted their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Jefferies Financial Group cut their price target on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 21st. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a report on Tuesday, April 28th. Finally, Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $59.67.

Pan American Silver Trading Down 0.9%

Shares of PAAS opened at $51.80 on Friday. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average is $57.08 and its two-hundred day moving average is $51.29. Pan American Silver Corp. has a twelve month low of $22.08 and a twelve month high of $69.99. The firm has a market capitalization of $21.83 billion, a P/E ratio of 20.72, a PEG ratio of 0.43 and a beta of 0.65.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business posted $0.35 earnings per share. The firm’s revenue for the quarter was up 44.7% compared to the same quarter last year. On average, research analysts predict that Pan American Silver Corp. will post 4.45 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. Pan American Silver’s payout ratio is currently 28.80%.

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.