Perpetual Ltd Sells 182,103 Shares of Pan American Silver Corp. $PAAS

Perpetual Ltd reduced its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 54.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,451 shares of the basic materials company’s stock after selling 182,103 shares during the quarter. Perpetual Ltd’s holdings in Pan American Silver were worth $7,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in Pan American Silver by 51.8% in the third quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock worth $1,748,355,000 after purchasing an additional 15,405,762 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Pan American Silver in the 3rd quarter worth approximately $178,004,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Pan American Silver by 38.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock worth $560,149,000 after buying an additional 4,037,311 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Pan American Silver by 21.2% during the 3rd quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock worth $666,192,000 after acquiring an additional 3,006,055 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Pan American Silver by 49.5% during the second quarter. Invesco Ltd. now owns 9,016,262 shares of the basic materials company’s stock valued at $256,062,000 after acquiring an additional 2,986,434 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of PAAS opened at $55.80 on Friday. The firm has a market capitalization of $23.54 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 0.45 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97. The company’s fifty day moving average price is $58.01 and its 200-day moving average price is $48.91. Pan American Silver Corp. has a 1-year low of $20.55 and a 1-year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.21. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations 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 revenue was up 44.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. On average, equities research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. Pan American Silver’s dividend payout ratio is presently 28.80%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PAAS shares. Scotiabank raised their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Jefferies Financial Group dropped their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 21st. Finally, Zacks Research raised Pan American Silver from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $56.60.

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.