Andra AP fonden Reduces Stake in Pan American Silver Corp. $PAAS

Andra AP fonden trimmed its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 55.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 66,500 shares of the basic materials company’s stock after selling 83,100 shares during the period. Andra AP fonden’s holdings in Pan American Silver were worth $2,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Hohimer Wealth Management LLC purchased a new stake in Pan American Silver during the 3rd quarter valued at $1,237,000. Choreo LLC increased its position in Pan American Silver by 7.8% during the third quarter. Choreo LLC now owns 11,941 shares of the basic materials company’s stock valued at $462,000 after acquiring an additional 868 shares during the last quarter. MAI Capital Management raised its stake in shares of Pan American Silver by 594.6% in the third quarter. MAI Capital Management now owns 2,431 shares of the basic materials company’s stock valued at $94,000 after acquiring an additional 2,081 shares during the period. RWA Wealth Partners LLC bought a new stake in shares of Pan American Silver in the 3rd quarter worth about $570,000. Finally, TD Asset Management Inc boosted its stake in shares of Pan American Silver by 13.9% during the 3rd quarter. TD Asset Management Inc now owns 2,251,564 shares of the basic materials company’s stock worth $87,270,000 after purchasing an additional 274,591 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 22nd. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Jefferies Financial Group decreased their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Scotiabank boosted their price objective on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Finally, Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average target price of $56.60.

Pan American Silver Stock Performance

Shares of NYSE:PAAS opened at $68.66 on Friday. The firm has a 50 day moving average of $57.66 and a 200 day moving average of $45.08. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $28.97 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 0.65 and a beta of 0.66. Pan American Silver Corp. has a 52 week low of $20.55 and a 52 week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.21. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The firm’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. On average, sell-side analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, March 2nd. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. Pan American Silver’s payout ratio is presently 22.40%.

Pan American Silver Profile

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.