McAlvany Wealth Management LLC Makes New Investment in Pan American Silver Corp. $PAAS

McAlvany Wealth Management LLC acquired a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 62,547 shares of the basic materials company’s stock, valued at approximately $3,241,000. Pan American Silver accounts for approximately 2.5% of McAlvany Wealth Management LLC’s holdings, making the stock its 12th largest holding.

A number of other hedge funds also recently made changes to their positions in the business. Parallel Advisors LLC boosted its stake in shares of Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 387 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Pan American Silver in the 4th quarter valued at $34,000. Rothschild Investment LLC acquired a new stake in Pan American Silver during the 3rd quarter valued at $36,000. EverSource Wealth Advisors LLC lifted its holdings in Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 497 shares during the last quarter. Finally, Laurel Wealth Advisors LLC bought a new position in Pan American Silver during the fourth quarter worth $41,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on PAAS shares. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Monday, May 11th. 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. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and lifted their target price for the stock from $67.00 to $72.00 in a report on Tuesday, May 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Finally, Wall Street Zen cut shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

Pan American Silver Stock Performance

Shares of NYSE PAAS opened at $49.07 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. The stock’s fifty day moving average price is $54.44 and its two-hundred day moving average price is $55.12. Pan American Silver Corp. has a one year low of $26.76 and a one year high of $69.99. The firm has a market cap of $20.67 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 0.39 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The company’s revenue was up 49.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. On average, equities analysts forecast that Pan American Silver Corp. will post 4.65 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a $0.18 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 annualized dividend and a yield of 1.5%. Pan American Silver’s payout ratio is 23.15%.

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.