Generali Investments CEE investicni spolecnost a.s. Invests $417,000 in Pan American Silver Corp. (NYSE:PAAS)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,629 shares of the basic materials company’s stock, valued at approximately $417,000.

A number of other hedge funds also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Pan American Silver during the fourth quarter worth approximately $32,000. Andra AP fonden bought a new position in shares of Pan American Silver during the 4th quarter valued at $459,000. Ashton Thomas Private Wealth LLC purchased a new position in Pan American Silver in the 4th quarter worth $482,000. Raymond James Financial Inc. bought a new stake in Pan American Silver in the fourth quarter worth $6,834,000. Finally, Aigen Investment Management LP boosted its position in Pan American Silver by 97.6% during the fourth quarter. Aigen Investment Management LP now owns 31,040 shares of the basic materials company’s stock valued at $628,000 after buying an additional 15,335 shares during the period. Institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PAAS shares. Scotiabank boosted their target price on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Tuesday, February 25th. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Royal Bank of Canada raised their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, TD Securities lifted their target price on shares of Pan American Silver from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.08.

Pan American Silver Price Performance

Shares of PAAS stock opened at $24.58 on Friday. The business’s fifty day moving average is $23.02 and its 200 day moving average is $22.25. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 76.80 and a beta of 1.25. Pan American Silver Corp. has a twelve month low of $13.52 and a twelve month high of $26.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The company had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.63%. Pan American Silver’s payout ratio is presently 125.00%.

Pan American Silver 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.