Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes $3.27 Million Position in Pan American Silver Corp. $PAAS

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAASFree Report) (TSE:PAAS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 63,026 shares of the basic materials company’s stock, valued at approximately $3,265,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PAAS. Knights of Columbus Asset Advisors LLC increased its holdings in Pan American Silver by 176.9% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 114,780 shares of the basic materials company’s stock worth $4,445,000 after acquiring an additional 73,326 shares in the last quarter. J. Safra Sarasin Holding AG increased its holdings in Pan American Silver by 117.9% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 43,946 shares of the basic materials company’s stock worth $1,702,000 after acquiring an additional 23,780 shares in the last quarter. Hollencrest Capital Management increased its holdings in Pan American Silver by 214.3% in the 3rd quarter. Hollencrest Capital Management now owns 121,633 shares of the basic materials company’s stock worth $4,711,000 after acquiring an additional 82,932 shares in the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Pan American Silver in the 3rd quarter worth approximately $1,074,000. Finally, Vanguard Group Inc. increased its holdings in Pan American Silver by 21.2% in the 3rd quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock worth $666,192,000 after acquiring an additional 3,006,055 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Up 3.8%

Shares of PAAS opened at $54.89 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. Pan American Silver Corp. has a 1 year low of $23.36 and a 1 year high of $69.99. The company has a 50 day simple moving average of $55.64 and a two-hundred day simple moving average of $53.13. The firm has a market cap of $23.13 billion, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 0.42 and a beta of 0.65.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last announced its quarterly earnings data 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. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the firm posted $0.42 EPS. The company’s revenue was up 49.3% on a year-over-year basis. On average, equities analysts expect that Pan American Silver Corp. will post 4.65 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is 23.15%.

Wall Street Analysts Forecast Growth

PAAS has been the subject of several analyst reports. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and increased their target price for the stock from $67.00 to $72.00 in a report on Tuesday, May 12th. 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 report on Wednesday, February 4th. Scotiabank increased their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Monday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, May 12th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.00.

View Our Latest Stock Report on Pan American Silver

Pan American Silver Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pan American Silver (NYSE:PAAS)

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