The Vanguard Group, Inc. has recently announced that it has increased stake in Pan American Silver Corp. (NASDAQ:PAAS) by 2.27%. After grabbing 5.16 million shares, the institutional investor is now in possession of 0.11 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 2.45% having worth around $82.49 million. Moreover, Global X Management Co. LLC increased its share by 0.52 million to have a control over 5.12 million shares. And Fidelity Investments Canada ULC raised its holdings to 0.7 million shares by acquiring 3.5 million shares or 1.66% of the stake.
Pan American Silver Corp. (PAAS) concluded trading on 11/23/22 at a closing price of $16.00, with 4.29 million shares of worth about $68.59 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -28.40% during that period and on Wednesday the price saw a gain of about 2.24%. Currently the company’s common shares owned by public are about 210.53M shares, out of which, 210.28M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 84 times over the past 12 months. They bought 189,579 shares in 40 of the transactions. In 44 selling transactions, insiders dumped 73,112 shares.
VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and Global X Silver Miners ETF are the top 3 mutual funds which are holding stakes in Pan American Silver Corp. VanEck Gold Miners ETF is currently holding 11.36 million shares of worth totaling $181.6 million. The company recently came selling 11112.0 shares which brought its stake up to 5.40% of the company’s outstanding shares. Global X Silver Miners ETF, after buying 4.93 million shares, have now control over 2.34% of the stake in the company. It holds 0.0 shares of worth $78.86 million.
However, the stock later moved at a day high price of 16.07, or with a gain of 2.24%. Stock saw a price change of 8.62% in past 5 days and over the past one month there was a price change of -0.19%. Year-to-date (YTD), PAAS shares are showing a performance of -35.78% which decreased to -38.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.40 but also hit the highest price of $30.51 during that period. The average intraday trading volume for Pan American Silver Corp. shares is 3.67 million. The stock is currently trading 4.70% above its 20-day simple moving average (SMA20), while that difference is up 2.24% for SMA50 and it goes to -22.55% lower than SMA200.
The Vanguard Group, Inc. acquired 5.16 million shares of Pan American Silver Corp. having value of about $82.49 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.11 million shares in the company valued at close to $1834736.0, or have control over 2.27% stake in the company. Pan American Silver Corp. (NASDAQ: PAAS) currently have 210.53M outstanding shares and institutions hold larger chunk of about 60.90% of that. Holding of mutual funds in the company is about 11.34% while other institutional holders and individual stake holders have control over 40.60% and — of the stake respectively.
The stock has a current market capitalization of $3.27B and its 3Y-monthly beta is at 1.15. It has posted earnings per share of -$0.74 in the same period. It has Quick Ratio of 1.00 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PAAS, volatility over the week remained 3.85% while standing at 5.26% over the month.
Analysts are in expectations that Pan American Silver Corp. (PAAS) stock would likely to be making an EPS of $0.38 in the current quarter, while forecast for next quarter EPS is $0.43 and it is $2.21 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.27 which is $0.47 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.34 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -45.30% while it is estimated to increase by 117.78% in next year. EPS is likely to grow at an annualized rate of 4.60% for next 5-years, compared to annual growth of -6.70% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Canaccord Genuity on May 12, 2022 offering a Buy rating for the stock and assigned a target price of $30 to it. Stock get an Overweight rating from JP Morgan on February 10, 2021.