Forsta AP Fonden Has $11.29 Million Stock Position in Pan American Silver Corp. $PAAS

by · The Cerbat Gem

Forsta AP Fonden lowered its holdings in shares of Pan American Silver Corp. (NYSE:PAAS – Free Report) (TSE:PAAS) by 5.3% in the 4th quarter, HoldingsChannel reports. The firm owned 217,500 shares of the basic materials company’s stock after selling 12,100 shares during the period. Forsta AP Fonden’s holdings in Pan American Silver were worth $11,291,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PAAS. Parallel Advisors LLC lifted its holdings in shares of Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Pan American Silver in the third quarter valued at $36,000. EverSource Wealth Advisors LLC grew its position in shares of Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 497 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in Pan American Silver in the 4th quarter worth approximately $41,000. Finally, Assetmark Inc. boosted its stake in Pan American Silver by 3,111.4% during the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock valued at $44,000 after buying an additional 1,089 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PAAS shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Pan American Silver in a research note on Tuesday, April 28th. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday, February 4th. TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Monday, May 11th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Check Out Our Latest Research Report on PAAS

Pan American Silver Price Performance

NYSE PAAS opened at $57.00 on Monday. The business’s fifty day moving average price is $55.26 and its 200-day moving average price is $54.12. The stock has a market capitalization of $24.02 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 0.45 and a beta of 0.67. 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 $23.88 and a 1-year high of $69.99.

Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.03. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The company’s revenue was up 49.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. On average, equities analysts predict that Pan American Silver Corp. will post 4.65 earnings per share for the current year.

Pan American Silver Dividend Announcement

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

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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