40,629 Shares in Pan American Silver Corp. $PAAS Purchased by United Capital Management of KS Inc.

United Capital Management of KS Inc. purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 40,629 shares of the basic materials company’s stock, valued at approximately $2,105,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Pan American Silver during the third quarter worth about $1,074,000. Vanguard Group Inc. grew its holdings in Pan American Silver by 21.2% during the third quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock worth $666,192,000 after purchasing an additional 3,006,055 shares during the period. TD Asset Management Inc grew its holdings in Pan American Silver by 13.9% during the third quarter. TD Asset Management Inc now owns 2,251,564 shares of the basic materials company’s stock worth $87,270,000 after purchasing an additional 274,591 shares during the period. First Eagle Investment Management LLC bought a new position in Pan American Silver during the third quarter worth about $178,004,000. Finally, Caprock Group LLC bought a new position in Pan American Silver during the third quarter worth about $1,443,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Up 3.6%

Shares of PAAS stock opened at $48.22 on Friday. The firm has a 50 day moving average price of $55.03 and a two-hundred day moving average price of $54.82. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $20.32 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 0.37 and a beta of 0.67. Pan American Silver Corp. has a 12-month low of $26.76 and a 12-month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data 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. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The business’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period last year, the business posted $0.42 earnings per share. As a group, analysts predict that Pan American Silver Corp. will post 4.65 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s payout ratio is presently 23.15%.

Wall Street Analyst Weigh In

PAAS has been the subject of several research reports. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a research report on Tuesday, April 28th. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Monday, May 11th. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Finally, TD Cowen upgraded shares of 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 report on Tuesday, May 12th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.00.

About Pan American Silver

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.