Barings LLC Cuts Position in Pan American Silver Corp. $PAAS

Barings LLC lessened its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,681 shares of the basic materials company’s stock after selling 29,477 shares during the period. Barings LLC’s holdings in Pan American Silver were worth $7,185,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aviva PLC increased its holdings in Pan American Silver by 20.8% in the 4th quarter. Aviva PLC now owns 350,522 shares of the basic materials company’s stock worth $18,187,000 after acquiring an additional 60,455 shares in the last quarter. Kovack Advisors Inc. purchased a new stake in Pan American Silver in the 4th quarter worth $614,000. Xponance LLC purchased a new stake in Pan American Silver in the 4th quarter worth $791,000. UniSuper Management Pty Ltd increased its holdings in Pan American Silver by 41.9% in the 4th quarter. UniSuper Management Pty Ltd now owns 8,800 shares of the basic materials company’s stock worth $456,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Pan American Silver by 3.6% in the 4th quarter. Empowered Funds LLC now owns 66,400 shares of the basic materials company’s stock worth $3,440,000 after acquiring an additional 2,324 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Up 5.3%

Shares of PAAS opened at $46.51 on Friday. Pan American Silver Corp. has a 52-week low of $26.76 and a 52-week high of $69.99. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average is $55.17 and its two-hundred day moving average is $54.87. The stock has a market cap of $19.60 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 0.35 and a beta of 0.67.

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

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a $0.18 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.5%. Pan American Silver’s dividend payout ratio is 23.15%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PAAS shares. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and boosted their price target for the stock from $67.00 to $72.00 in a report on Tuesday, May 12th. Royal Bank Of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a research note on Tuesday, April 28th. TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Monday, May 11th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

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.