Alberta Investment Management Corp Makes New $14.94 Million Investment in Pan American Silver Corp. $PAAS

Alberta Investment Management Corp purchased a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 288,115 shares of the basic materials company’s stock, valued at approximately $14,938,000.

Other hedge funds have also bought and sold shares of the company. Parallel Advisors LLC lifted its stake in Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 387 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Pan American Silver in the 4th quarter worth $34,000. Laurel Wealth Advisors LLC purchased a new stake in Pan American Silver in the 4th quarter worth $41,000. Golden State Wealth Management LLC lifted its stake in Pan American Silver by 173.3% in the 4th quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 520 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in Pan American Silver in the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Up 5.9%

Shares of NYSE PAAS opened at $50.98 on Tuesday. The firm’s 50-day moving average price is $54.93 and its 200-day moving average price is $55.01. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 0.38 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 announced its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) 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 net margin of 31.66% and a return on equity of 19.50%. The business’s revenue was up 49.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS. On average, equities research analysts anticipate that Pan American Silver Corp. will post 4.65 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio is 23.15%.

Analyst Ratings Changes

PAAS has been the topic of several research analyst reports. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Wall Street Zen cut shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Royal Bank Of Canada restated an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a research report on Tuesday, April 28th. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and upped their target price for the company from $67.00 to $72.00 in a research report on Tuesday, May 12th. Finally, TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Monday, May 11th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

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.