Forsta AP Fonden Has $11.29 Million Stock Holdings in Pan American Silver Corp. $PAAS

Forsta AP Fonden trimmed its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,500 shares of the basic materials company’s stock after selling 12,100 shares during the quarter. Forsta AP Fonden owned 0.05% of Pan American Silver worth $11,291,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PAAS. AQR Capital Management LLC grew its holdings in Pan American Silver by 48.6% in the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock valued at $504,000 after buying an additional 6,391 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Pan American Silver by 574.9% in the 1st quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock valued at $504,000 after buying an additional 16,626 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Pan American Silver by 31.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock valued at $38,728,000 after buying an additional 360,283 shares in the last quarter. Empowered Funds LLC acquired a new position in Pan American Silver in the 1st quarter valued at $1,272,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Pan American Silver by 53.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after buying an additional 594 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Pan American Silver stock opened at $57.00 on Monday. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $24.02 billion, a PE ratio of 18.33, a P/E/G ratio of 0.45 and a beta of 0.67. Pan American Silver Corp. has a 12 month low of $23.88 and a 12 month high of $69.99. The stock has a 50-day moving average price of $55.26 and a two-hundred day moving average price of $54.12.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.06 by $0.03. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the company earned $0.42 earnings per share. The business’s quarterly revenue was up 49.3% on a year-over-year basis. Analysts expect that Pan American Silver Corp. will post 4.65 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is 23.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and upped their price objective for the company from $67.00 to $72.00 in a report on Tuesday, May 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, May 12th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Monday, May 11th. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

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.