Generali Asset Management SPA SGR Has $1.19 Million Holdings in Pan American Silver Corp. $PAAS

Generali Asset Management SPA SGR cut its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 45.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 30,746 shares of the basic materials company’s stock after selling 25,744 shares during the period. Generali Asset Management SPA SGR’s holdings in Pan American Silver were worth $1,191,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. City State Bank raised its position in shares of Pan American Silver by 74.4% during the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 435 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 594 shares in the last quarter. Dakota Community Bank & Trust NA acquired a new stake in Pan American Silver during the 3rd quarter worth approximately $66,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Pan American Silver during the 2nd quarter worth approximately $51,000. Finally, Kiker Wealth Management LLC lifted its stake in Pan American Silver by 42.4% in the second quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock valued at $57,000 after buying an additional 600 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Trading Down 1.7%

Shares of NYSE:PAAS opened at $50.95 on Monday. The company’s 50-day moving average price is $43.58 and its two-hundred day moving average price is $36.82. Pan American Silver Corp. has a one year low of $20.35 and a one year high of $55.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The stock has a market capitalization of $21.50 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 0.29 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The company had revenue of $854.60 million during the quarter, compared to the consensus estimate of $867.76 million. During the same quarter in the previous year, the business earned $0.32 EPS. Pan American Silver’s revenue was up 19.3% on a year-over-year basis. On average, equities analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were given a dividend of $0.14 per share. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. Pan American Silver’s payout ratio is presently 32.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PAAS shares. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Scotiabank lifted their price target on Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. CIBC boosted their price target on Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Finally, Bank of America increased their price objective on Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.33.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.