Pan American Silver Corp. (NYSE:PAAS) Shares Purchased by Truist Financial Corp

Truist Financial Corp grew its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 8.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 54,533 shares of the basic materials company’s stock after purchasing an additional 4,358 shares during the quarter. Truist Financial Corp’s holdings in Pan American Silver were worth $1,103,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Pan American Silver by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock valued at $824,632,000 after purchasing an additional 2,328,306 shares during the period. Ingalls & Snyder LLC increased its position in shares of Pan American Silver by 5.4% during the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock valued at $34,920,000 after purchasing an additional 89,011 shares during the period. Geode Capital Management LLC increased its position in shares of Pan American Silver by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company’s stock valued at $31,713,000 after purchasing an additional 108,039 shares during the period. FMR LLC increased its position in shares of Pan American Silver by 1,834.8% during the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock valued at $28,084,000 after purchasing an additional 1,275,475 shares during the period. Finally, National Bank of Canada FI increased its position in shares of Pan American Silver by 30.1% during the 3rd quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company’s stock valued at $23,857,000 after purchasing an additional 264,772 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PAAS has been the topic of several research analyst reports. Scotiabank lifted their price target on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Tuesday. Royal Bank of Canada lifted their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. TD Securities lifted their target price on Pan American Silver from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday. Finally, StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.08.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $23.82 on Friday. The stock has a market cap of $8.62 billion, a PE ratio of 74.42 and a beta of 1.28. The business has a fifty day simple moving average of $22.67 and a 200-day simple moving average of $22.11. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 12 month low of $12.19 and a 12 month high of $26.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $815.10 million during the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. On average, sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.10 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.68%. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.