Cambridge Investment Research Advisors Inc. has increased its stake in the silver and gold producing company Pan American Silver Corp. by 27.6%, according to their recent Form 13F filing with the Securities & Exchange Commission. The addition of 7,409 shares during the fourth quarter has brought Cambridge’s total holdings to 34,233 shares, valued at $559,000 as of the latest filing date of May 25, 2023.
Pan American Silver Corp., founded in Vancouver in 1979 by Ross J. Beaty and John H. Wright, is involved in operating, developing, and exploring properties that produce silver and gold assets. The company operates through two segments: Silver and Gold.
With a market cap of $3.23 billion, PAAS opened at $15.33 on Thursday with a price-to-earnings ratio of -8.03 and a beta of 1.21. Its stock has a current ratio of 2.11, quick ratio of 0.87 and debt-to-equity ratio of just 0.09.
Over the past year, PAAS shares have traded between a low of $13.40 and high point of $24.21 while holding an average price over the past 50 days was $17.65 and $16.96 over the most recent 200-day period.
As the demand for precious metals continues to rise among investors globally amidst economic uncertainty across various sectors worldwide, investments in companies such as Pan American Silver Corp are expected to remain solid choices within portfolios for many years to come.
The increase in Cambridge Investment Research Advisors Inc.’s holdings reflects steadily growing confidence among investors regarding the future prospects for investment opportunities in this industry segment at this time – not only because it is one way to hedge against inflation but also due to its status as a safe-haven asset above all others.
In conclusion, while investments can often be a wild ride fraught with uncertainties and unknowns, Pan American Silver Corp. has demonstrated that it’s a company with staying power, as evidenced by Cambridge’s recent increase in position. It is likely to continue recording bullish performance levels for the foreseeable future, which may prove fruitful for those looking to inject some stability into their portfolios.
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Institutional Investors Drive Up Value of Pan American Silver Corp.
Pan American Silver Corp. has been making waves in the basic materials sector as a result of several high-profile investments by some of the world’s largest institutional investors. These include Polunin Capital Partners Ltd, Renaissance Technologies LLC and Dimensional Fund Advisors LP, which have recently made major changes to their positions on Pan American Silver, effectively driving up the value of its stock.
According to data compiled by financial research firm Bloomberg, approximately 44.11% of Pan American Silver’s stock is currently owned by institutional investors. The increased interest shown by these investors is due in part to the company’s impressive track record in silver and gold production fields.
The Vancouver-based corporation was founded in 1979 by Ross J. Beaty and John H. Wright and has since become one of the world’s leading silver producers with operations in several countries across North and South America. As well as silver and gold production, the company also engages in exploration and development activities across a range of sites.
However, recent earnings results were not as positive as some investors would’ve hoped for, with a revenue drop of 11.1 percent on a YoY basis during Q1 FY2023, but this came off an incredibly strong Q1 FY2022.
Despite this setback, analysts predict a positive outlook for Pan American Silver Corp., with a consensus estimate forecasting 0.54 EPS for this current year according to data from Thomson Reuters Eikon.
Pan American Silver also announced a $0.10 dividend paid out last month which displays its growth commitment to shareholders even if Q1 wasn’t what everyone wanted it to be.
For investors who may be looking for new opportunities at this time – amid ongoing market volatility fueled by ongoing geopolitical uncertainty – Pan American Silver represents an increasingly attractive option likely to deliver solid results throughout 2023 and beyond.
