Swiss Life Asset Management Ltd Purchases 18,791 Shares of Pan American Silver Corp. $PAAS

Swiss Life Asset Management Ltd boosted its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 46.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,827 shares of the basic materials company’s stock after acquiring an additional 18,791 shares during the period. Swiss Life Asset Management Ltd’s holdings in Pan American Silver were worth $3,051,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted 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 last quarter. Rothschild Investment LLC bought a new position in Pan American Silver in the third quarter valued at about $36,000. EverSource Wealth Advisors LLC boosted its holdings in 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 acquiring an additional 497 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in Pan American Silver in the fourth quarter valued at about $41,000. Finally, Assetmark Inc. boosted its holdings in Pan American Silver by 3,111.4% in the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 1,089 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

PAAS has been the topic of several recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and raised their price target for the company from $67.00 to $72.00 in a report on Tuesday. 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. Scotiabank increased their target price on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Pan American Silver Trading Down 4.0%

NYSE:PAAS opened at $61.13 on Friday. Pan American Silver Corp. has a 1-year low of $22.17 and a 1-year high of $69.99. The business’s 50-day moving average price is $56.09 and its two-hundred day moving average price is $52.57. 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 firm has a market capitalization of $25.76 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 0.52 and a beta of 0.65.

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 for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was up 49.3% on a year-over-year basis. On average, equities analysts expect that Pan American Silver Corp. will post 4.5 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.72 annualized dividend and a yield of 1.2%. Pan American Silver’s dividend payout ratio is presently 23.15%.

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.