BP Capital Fund Advisors LLC purchased a new stake in shares of Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 258,417 shares of the basic materials company’s stock, valued at approximately $4,173,000. Pan American Silver comprises 1.8% of BP Capital Fund Advisors LLC’s portfolio, making the stock its 27th largest position. BP Capital Fund Advisors LLC owned approximately 0.17% of Pan American Silver as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new position in shares of Pan American Silver in the fourth quarter valued at approximately $126,000. SG Americas Securities LLC purchased a new stake in shares of Pan American Silver during the 4th quarter worth approximately $131,000. Two Sigma Securities LLC purchased a new stake in shares of Pan American Silver during the 4th quarter worth approximately $178,000. First Republic Investment Management Inc. purchased a new stake in shares of Pan American Silver during the 4th quarter worth approximately $328,000. Finally, Koch Industries Inc. purchased a new stake in shares of Pan American Silver during the 4th quarter worth approximately $366,000. Institutional investors and hedge funds own 51.93% of the company’s stock.
Several analysts have recently weighed in on the stock. Canaccord Genuity restated a “buy” rating and set a $19.50 price objective on shares of Pan American Silver in a research report on Wednesday, April 4th. BidaskClub upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research report on Saturday, March 24th. ValuEngine upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research report on Friday, March 23rd. Deutsche Bank dropped their price objective on shares of Pan American Silver from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, March 15th. Finally, Zacks Investment Research cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Friday, March 2nd. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $21.10.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, May 9th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.04. The company had revenue of $206.96 million for the quarter, compared to analyst estimates of $215.73 million. Pan American Silver had a net margin of 18.19% and a return on equity of 6.35%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. equities analysts anticipate that Pan American Silver will post 0.76 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Tuesday, May 22nd will be issued a dividend of $0.035 per share. The ex-dividend date of this dividend is Monday, May 21st. This represents a $0.14 annualized dividend and a dividend yield of 0.80%. Pan American Silver’s payout ratio is currently 27.45%.
About Pan American Silver
Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.
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