Allianz Asset Management GmbH Has $4.12 Million Holdings in Pan American Silver Corp. $PAAS

Allianz Asset Management GmbH lifted its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 11.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,384 shares of the basic materials company’s stock after acquiring an additional 10,743 shares during the period. Allianz Asset Management GmbH’s holdings in Pan American Silver were worth $4,123,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB raised 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 grew its holdings in shares of Pan American Silver by 74.4% during 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 in the last quarter. Truist Financial Corp raised its position in Pan American Silver by 0.9% in the 3rd quarter. Truist Financial Corp now owns 50,796 shares of the basic materials company’s stock valued at $1,967,000 after buying an additional 436 shares during the last quarter. CWM LLC lifted its stake in Pan American Silver by 32.1% in the 2nd quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock valued at $64,000 after acquiring an additional 550 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position 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 worth $48,000 after acquiring an additional 594 shares during the last quarter. 55.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce set a $88.00 price objective on shares of Pan American Silver and gave the company an “outperform” rating in a report on Wednesday, February 4th. Jefferies Financial Group lowered their price target on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 21st. Scotiabank increased their price objective on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Finally, Wall Street Zen upgraded 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, five have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.60.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $59.31 on Wednesday. Pan American Silver Corp. has a twelve month low of $20.55 and a twelve month high of $69.99. The company has a market cap of $25.02 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 0.61 and a beta of 0.66. The business’s 50 day moving average price is $54.11 and its two-hundred day moving average price is $42.23. The company has a quick ratio of 1.55, a current ratio of 2.31 and a debt-to-equity ratio of 0.12.

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

Pan American Silver Company 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.