Pan American Silver Corp. $PAAS Stake Trimmed by American Century Companies Inc.

American Century Companies Inc. cut its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 2.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,532,398 shares of the basic materials company’s stock after selling 43,357 shares during the period. American Century Companies Inc.’s holdings in Pan American Silver were worth $59,364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new position in shares of Pan American Silver in the third quarter worth approximately $36,000. City State Bank boosted its stake in Pan American Silver by 74.4% in the 3rd 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. EverSource Wealth Advisors LLC grew its position in Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 497 shares in the last quarter. Assetmark Inc. grew its position in Pan American Silver by 3,111.4% during the 3rd quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 1,089 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in Pan American Silver during the 3rd quarter valued at $58,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PAAS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Jefferies Financial Group reduced their price objective 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. Bank of America lifted their target price on Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 22nd. Finally, Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $56.60.

Pan American Silver Trading Up 0.2%

Shares of NYSE PAAS opened at $61.73 on Thursday. The business has a 50 day simple moving average of $58.24 and a 200 day simple moving average of $45.74. Pan American Silver Corp. has a 52 week low of $20.55 and a 52 week high of $69.99. The stock has a market cap of $26.04 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 0.57 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.69.

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 analysts’ consensus estimates of $0.90 by $0.21. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The company’s revenue was up 44.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share. On average, research 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a $0.18 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, March 2nd. Pan American Silver’s dividend payout ratio is currently 28.80%.

Pan American Silver Company 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.