Pan American Silver Corp. $PAAS Shares Acquired by Alps Advisors Inc.

Alps Advisors Inc. increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 47.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,539 shares of the basic materials company’s stock after acquiring an additional 58,179 shares during the period. Alps Advisors Inc.’s holdings in Pan American Silver were worth $6,954,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Pan American Silver by 18.1% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 2,373 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 364 shares during the period. City State Bank increased its holdings in Pan American Silver by 74.4% in the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after buying an additional 435 shares in the last quarter. Truist Financial Corp raised its position in shares of Pan American Silver by 0.9% in the third quarter. Truist Financial Corp now owns 50,796 shares of the basic materials company’s stock worth $1,967,000 after acquiring an additional 436 shares during the period. CWM LLC raised its position in shares of Pan American Silver by 32.1% in the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock worth $64,000 after acquiring an additional 550 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 594 shares in the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PAAS. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Scotiabank raised their price objective on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, January 26th. 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 research note on Wednesday, January 21st. Bank of America increased their target price on Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Finally, Wall Street Zen raised shares of Pan American Silver from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.17.

Pan American Silver Stock Performance

NYSE PAAS opened at $55.23 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The stock’s 50 day simple moving average is $53.57 and its 200-day simple moving average is $41.80. The company has a market cap of $23.30 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 0.58 and a beta of 0.66. Pan American Silver Corp. has a 1-year low of $20.55 and a 1-year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $854.60 million for the quarter, compared to analysts’ expectations of $867.76 million. Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. As a group, equities research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were paid a $0.14 dividend. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, November 24th. Pan American Silver’s payout ratio is 32.37%.

Pan American Silver 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.