PKO Investment Management Joint Stock Co Raises Stock Position in Pan American Silver Corp. $PAAS

PKO Investment Management Joint Stock Co lifted its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 63.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 230,774 shares of the basic materials company’s stock after buying an additional 89,550 shares during the period. Pan American Silver makes up about 1.0% of PKO Investment Management Joint Stock Co’s portfolio, making the stock its 23rd biggest holding. PKO Investment Management Joint Stock Co’s holdings in Pan American Silver were worth $11,986,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PAAS. Parallel Advisors LLC lifted its stake 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 purchasing an additional 387 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver in the fourth quarter valued at about $41,000. Rothschild Investment LLC acquired a new stake in shares of Pan American Silver in the third quarter valued at about $36,000. Trust Co. of Vermont purchased a new stake in shares of Pan American Silver during the 4th quarter valued at about $48,000. Finally, EverSource Wealth Advisors LLC lifted its position in Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 497 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PAAS. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Jefferies Financial Group reduced their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.67.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $51.80 on Friday. The company’s fifty day moving average is $57.08 and its two-hundred day moving average is $51.29. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 12-month low of $22.08 and a 12-month high of $69.99. The company has a market cap of $21.83 billion, a P/E ratio of 20.72, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $0.90 by $0.21. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm posted $0.35 earnings per share. Pan American Silver’s revenue was up 44.7% compared to the same quarter last year. Equities analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, March 2nd. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s dividend payout ratio is 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.