Truist Financial Corp Takes $997,000 Position in Pan American Silver Corp. (NYSE:PAAS)

Truist Financial Corp purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 50,175 shares of the basic materials company's stock, valued at approximately $997,000.

Several other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of Pan American Silver by 1.4% in the first quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company's stock valued at $701,016,000 after buying an additional 653,064 shares in the last quarter. Vanguard Group Inc. raised its position in Pan American Silver by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company's stock worth $199,440,000 after acquiring an additional 159,908 shares during the last quarter. Tidal Investments LLC grew its position in shares of Pan American Silver by 15,618.3% in the first quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company's stock valued at $57,340,000 after purchasing an additional 3,779,309 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Pan American Silver by 51.1% during the 2nd quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company's stock worth $62,107,000 after purchasing an additional 1,056,981 shares in the last quarter. Finally, TD Asset Management Inc lifted its stake in Pan American Silver by 22.1% in the 2nd quarter. TD Asset Management Inc now owns 2,186,157 shares of the basic materials company's stock valued at $43,440,000 after buying an additional 395,589 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PAAS shares. Jefferies Financial Group boosted their price target on Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a report on Friday, October 4th. Royal Bank of Canada boosted their price target on Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. CIBC increased their target price on Pan American Silver from $30.00 to $35.00 and gave the stock an "outperformer" rating in a research report on Wednesday, July 10th. Finally, Scotiabank upped their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $24.93.

Pan American Silver Stock Down 1.9 %

Shares of PAAS stock traded down $0.43 during trading hours on Monday, reaching $21.83. The company had a trading volume of 778,331 shares, compared to its average volume of 4,061,686. The stock's fifty day simple moving average is $20.61 and its 200 day simple moving average is $20.40. The company has a market capitalization of $7.92 billion, a P/E ratio of -48.39 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.06. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $24.27.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The firm had revenue of $686.30 million for the quarter, compared to analysts' expectations of $696.08 million. During the same period last year, the firm earned $0.04 EPS. The business's quarterly revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts expect that Pan American Silver Corp. will post 0.64 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.83%. Pan American Silver's dividend payout ratio (DPR) is -86.96%.

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.