Pan American Silver Corp. $PAAS Stock Holdings Increased by Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. boosted its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 24.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 51,850 shares of the basic materials company’s stock after acquiring an additional 10,100 shares during the period. Pan American Silver comprises approximately 5.8% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s investment portfolio, making the stock its 6th largest position. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in Pan American Silver were worth $2,732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAAS. Knights of Columbus Asset Advisors LLC grew its position in Pan American Silver by 176.9% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 114,780 shares of the basic materials company’s stock valued at $4,445,000 after acquiring an additional 73,326 shares in the last quarter. J. Safra Sarasin Holding AG grew its position in Pan American Silver by 117.9% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 43,946 shares of the basic materials company’s stock valued at $1,702,000 after acquiring an additional 23,780 shares in the last quarter. Hollencrest Capital Management grew its position in Pan American Silver by 214.3% in the 3rd quarter. Hollencrest Capital Management now owns 121,633 shares of the basic materials company’s stock valued at $4,711,000 after acquiring an additional 82,932 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its position in Pan American Silver by 363.2% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 151,801 shares of the basic materials company’s stock valued at $5,879,000 after acquiring an additional 119,028 shares in the last quarter. Finally, Ninety One UK Ltd grew its position in Pan American Silver by 3.1% in the 3rd quarter. Ninety One UK Ltd now owns 2,155,252 shares of the basic materials company’s stock valued at $83,473,000 after acquiring an additional 65,592 shares in the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $55.95 on Tuesday. Pan American Silver Corp. has a one year low of $20.55 and a one year high of $69.99. The company has a market cap of $23.60 billion, a PE ratio of 22.38, a P/E/G ratio of 0.45 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.69. The business has a 50-day simple moving average of $57.83 and a 200-day simple moving average of $49.15.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The firm’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 earnings per share. On average, equities research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. Pan American Silver’s dividend payout ratio is currently 28.80%.

Analysts Set New Price Targets

Several research firms have weighed in on PAAS. Jefferies Financial Group dropped their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. 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 report on Wednesday, February 4th. Finally, Zacks Research raised Pan American Silver from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $56.60.

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.