Vise Technologies Inc. Takes $766,000 Position in Pan American Silver Corp. $PAAS

Vise Technologies Inc. purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 2nd quarter, Holdings Channel reports. The firm purchased 17,105 shares of the basic materials company’s stock, valued at approximately $766,000.

A number of other institutional investors also recently made changes to their positions in the stock. Fifth Third Bancorp lifted its stake in shares of Pan American Silver by 1,336.1% during the 1st 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 period. Parallel Advisors LLC grew its position in shares of Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Pan American Silver in the fourth quarter valued at $34,000. Danske Bank A S acquired a new position in Pan American Silver in the second quarter valued at $30,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in Pan American Silver in the 4th quarter worth about $41,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PAAS shares. Bank of America lowered their target price on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Weiss Ratings downgraded shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Zacks Research upgraded shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Royal Bank Of Canada restated an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a report on Tuesday, April 28th. Finally, Jefferies Financial Group cut their target price on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, July 6th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Price Performance

Pan American Silver stock opened at $53.11 on Monday. Pan American Silver Corp. has a 52-week low of $31.60 and a 52-week high of $69.99. The firm has a fifty day moving average of $46.31 and a 200-day moving average of $52.74. The firm has a market capitalization of $22.15 billion, a P/E ratio of 16.05, a PEG ratio of 4.90 and a beta of 0.73. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’s revenue was up 38.4% compared to the same quarter last year. As a group, analysts predict that Pan American Silver Corp. will post 4.06 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be given a $0.184 dividend. The ex-dividend date of this dividend is Monday, August 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 1.4%. Pan American Silver’s dividend payout ratio (DPR) is currently 21.75%.

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.