Pan American Silver Corp. $PAAS Shares Bought by Profund Advisors LLC

Profund Advisors LLC raised its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 71.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,017 shares of the basic materials company’s stock after purchasing an additional 21,623 shares during the quarter. Profund Advisors LLC’s holdings in Pan American Silver were worth $2,015,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. MassMutual Private Wealth & Trust FSB raised its holdings in Pan American Silver by 18.1% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 2,373 shares of the basic materials company’s stock worth $92,000 after buying an additional 364 shares during the period. City State Bank boosted its position in shares of 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 worth $40,000 after buying an additional 435 shares during the period. Truist Financial Corp boosted 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 buying an additional 436 shares during the period. CWM LLC grew its holdings in shares of Pan American Silver by 32.1% during the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock valued at $64,000 after buying an additional 550 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in 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 valued at $48,000 after acquiring an additional 594 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on PAAS. Jefferies Financial Group reduced their price objective on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Bank of America boosted their price target on Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Wall Street Zen raised Pan American Silver from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.17.

Pan American Silver Price Performance

Pan American Silver stock opened at $58.99 on Tuesday. The business’s fifty day moving average is $53.82 and its two-hundred day moving average is $42.01. The firm has a market cap of $24.89 billion, a P/E ratio of 34.10, a P/E/G ratio of 0.58 and a beta of 0.66. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.55 and a current ratio of 2.31. Pan American Silver Corp. has a 52 week low of $20.55 and a 52 week high of $69.99.

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

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.56 annualized dividend and a yield of 0.9%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio (DPR) is currently 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.