Pan American Silver Corp. $PAAS Shares Sold by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co reduced its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 14.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 196,790 shares of the basic materials company’s stock after selling 33,984 shares during the period. Pan American Silver accounts for about 0.9% of PKO Investment Management Joint Stock Co’s investment portfolio, making the stock its 27th biggest holding. PKO Investment Management Joint Stock Co’s holdings in Pan American Silver were worth $10,743,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PAAS. Parallel Advisors LLC boosted its position 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 valued at $25,000 after buying an additional 387 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Pan American Silver during the fourth quarter worth $34,000. EverSource Wealth Advisors LLC raised its stake in shares of Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 497 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in Pan American Silver in the fourth quarter valued at $41,000. Finally, Golden State Wealth Management LLC boosted its holdings in Pan American Silver by 173.3% in the fourth quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 520 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Pan American Silver stock opened at $48.92 on Tuesday. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $54.28 and a 200-day simple moving average of $55.21. The stock has a market cap of $20.61 billion, a P/E ratio of 15.73, 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 posted its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS 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 firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. Pan American Silver’s revenue for the quarter was up 49.3% compared to the same quarter last year. Equities analysts expect that Pan American Silver Corp. will post 4.65 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio is currently 23.15%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Monday, May 11th. Wall Street Zen cut Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, May 12th. Finally, TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and upped their target price for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Pan American Silver currently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

About Pan American Silver

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.