TD Asset Management Inc Purchases 216,354 Shares of Pan American Silver Corp. $PAAS

TD Asset Management Inc raised its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,467,918 shares of the basic materials company’s stock after acquiring an additional 216,354 shares during the quarter. TD Asset Management Inc owned approximately 0.58% of Pan American Silver worth $128,117,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in 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 acquiring an additional 387 shares during the period. Laurel Wealth Advisors LLC bought a new position in Pan American Silver in the fourth quarter valued at about $41,000. Rothschild Investment LLC bought a new position in Pan American Silver in the third quarter valued at about $36,000. Trust Co. of Vermont bought a new position in Pan American Silver in the fourth quarter valued at about $48,000. Finally, Allworth Financial LP lifted its holdings in Pan American Silver by 92.9% in the fourth quarter. Allworth Financial LP now owns 1,005 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 484 shares during the period. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

NYSE:PAAS opened at $53.13 on Friday. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 12-month low of $26.76 and a 12-month high of $69.99. The stock has a 50-day moving average price of $55.71 and a 200 day moving average price of $54.56. The stock has a market capitalization of $22.39 billion, a P/E ratio of 17.08, a P/E/G ratio of 0.41 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the business posted $0.42 earnings per share. The firm’s revenue was up 49.3% on a year-over-year basis. Equities research analysts forecast that Pan American Silver Corp. will post 4.65 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. Pan American Silver’s dividend payout ratio (DPR) is currently 23.15%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PAAS. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and raised their price objective for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Pan American Silver in a research note on Tuesday, April 28th. 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 data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and an average target price of $68.00.

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.