Fulcrum Asset Management LLP Acquires 23,504 Shares of Pan American Silver Corp. $PAAS

Fulcrum Asset Management LLP bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,504 shares of the basic materials company’s stock, valued at approximately $1,068,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Evergreen Capital Management LLC raised its stake in Pan American Silver by 1.5% in the third quarter. Evergreen Capital Management LLC now owns 18,453 shares of the basic materials company’s stock valued at $840,000 after buying an additional 275 shares in the last quarter. AlphaCentric Advisors LLC lifted its holdings in Pan American Silver by 8.0% during the 3rd quarter. AlphaCentric Advisors LLC now owns 4,681 shares of the basic materials company’s stock worth $213,000 after buying an additional 346 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Pan American Silver by 4.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,266 shares of the basic materials company’s stock worth $460,000 after buying an additional 419 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Pan American Silver by 1,336.1% during the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 481 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of Pan American Silver by 54.7% during the 2nd quarter. Allworth Financial LP now owns 1,601 shares of the basic materials company’s stock worth $72,000 after acquiring an additional 566 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PAAS. Weiss Ratings downgraded Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. TD Cowen lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Monday. TD Securities cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Monday. Zacks Research raised Pan American Silver from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen downgraded Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $67.71.

Pan American Silver Trading Down 1.3%

Shares of Pan American Silver stock opened at $39.36 on Thursday. The company has a current ratio of 2.72, a quick ratio of 2.03 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $45.24 and a 200-day simple moving average of $51.12. The stock has a market cap of $16.23 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 4.48 and a beta of 0.76. Pan American Silver Corp. has a 12-month low of $35.82 and a 12-month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. Pan American Silver had a net margin of 35.18% and a return on equity of 20.94%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business earned $0.48 EPS. Pan American Silver’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, equities analysts forecast that Pan American Silver Corp. will post 3.34 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be paid a $0.1850 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of $0.1840. This represents a $0.74 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, November 16th. Pan American Silver’s payout ratio is currently 19.84%.

Pan American Silver Profile

Pan American Silver Corp. is a mining company focused on the exploration, development and operation of silver and gold mines. Its products also include by-products such as zinc, lead and copper, which are recovered during mining and processing. Founded in 1994 and headquartered in Vancouver, British Columbia, the company operates mines and holds exploration and development interests in Canada and Latin America. Its portfolio has expanded over time through acquisitions, including its 2023 acquisition of Yamana Gold’s Canadian assets and interests in several mines in Latin America.