Kestra Advisory Services LLC Boosts Stake in Pan American Silver Corp. $PAAS

Kestra Advisory Services LLC boosted its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 72.5% in the 1st quarter, Holdings Channel reports. The firm owned 123,138 shares of the basic materials company’s stock after purchasing an additional 51,769 shares during the period. Kestra Advisory Services LLC’s holdings in Pan American Silver were worth $6,727,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Pan American Silver by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock valued at $905,513,000 after acquiring an additional 274,168 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Pan American Silver by 38.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock worth $560,149,000 after purchasing an additional 4,037,311 shares during the period. Invesco Ltd. lifted its position in shares of Pan American Silver by 9.8% during the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock worth $383,365,000 after purchasing an additional 882,135 shares in the last quarter. FIL Ltd lifted its position in shares of Pan American Silver by 154.7% during the fourth quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after purchasing an additional 4,438,478 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Pan American Silver in the fourth quarter valued at approximately $303,611,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $43.59 on Wednesday. The stock’s 50-day simple moving average is $50.74 and its 200-day simple moving average is $54.70. The firm has a market capitalization of $18.30 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 3.71 and a beta of 0.72. Pan American Silver Corp. has a fifty-two week low of $26.76 and a fifty-two week high of $69.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The firm’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 earnings per share. As a group, equities research analysts forecast that Pan American Silver Corp. will post 4.31 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business 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 1.7%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s payout ratio is currently 23.15%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Pan American Silver in a report on Tuesday, April 28th. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Jefferies Financial Group decreased their price target on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, July 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, May 12th. Finally, TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Monday, May 11th. Eight 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 has an average rating of “Moderate Buy” and an average price target of $70.43.

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.