Privium Fund Management B.V. Has $718,000 Holdings in Pan American Silver Corp. $PAAS

Privium Fund Management B.V. cut its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 37.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,531 shares of the basic materials company’s stock after selling 11,216 shares during the period. Privium Fund Management B.V.’s holdings in Pan American Silver were worth $718,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PAAS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Pan American Silver by 15.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,425,601 shares of the basic materials company’s stock worth $296,087,000 after purchasing an additional 1,396,360 shares during the period. Invesco Ltd. lifted its stake in Pan American Silver by 49.5% in the second quarter. Invesco Ltd. now owns 9,016,262 shares of the basic materials company’s stock valued at $256,062,000 after buying an additional 2,986,434 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Pan American Silver by 5,674.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock worth $174,406,000 after buying an additional 6,034,755 shares in the last quarter. Norges Bank bought a new stake in shares of Pan American Silver in the 2nd quarter valued at $155,281,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Pan American Silver by 6.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,038,617 shares of the basic materials company’s stock valued at $114,747,000 after acquiring an additional 226,933 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PAAS has been the topic of several research analyst reports. Wall Street Zen raised shares of Pan American Silver from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Bank of America increased their price objective on shares of Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Scotiabank raised their target price on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday. CIBC upped their price target on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Finally, Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.83.

Pan American Silver Trading Down 13.9%

Shares of Pan American Silver stock opened at $54.47 on Friday. The company has a market capitalization of $22.98 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 0.69 and a beta of 0.67. The stock has a fifty day simple moving average of $52.24 and a 200 day simple moving average of $40.73. Pan American Silver Corp. has a 12-month low of $20.55 and a 12-month high of $69.99. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued 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 for the quarter, compared to the consensus estimate of $867.76 million. During the same quarter last year, the business posted $0.32 earnings per share. Pan American Silver’s revenue was up 19.3% on a year-over-year basis. On average, sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, November 24th. Pan American Silver’s dividend payout ratio is 32.37%.

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.