Arrowstreet Capital Limited Partnership Cuts Position in Pan American Silver Corp. $PAAS

Arrowstreet Capital Limited Partnership cut its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,581,099 shares of the basic materials company’s stock after selling 91,646 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Pan American Silver were worth $237,372,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after buying an additional 387 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Pan American Silver during the 4th quarter worth $34,000. Laurel Wealth Advisors LLC purchased a new position in Pan American Silver during the 4th quarter worth $41,000. Golden State Wealth Management LLC lifted its position in Pan American Silver by 173.3% during the 4th quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 520 shares during the period. Finally, Rothschild Investment LLC acquired a new stake in Pan American Silver during the 3rd quarter worth about $36,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PAAS has been the subject of a number of research reports. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and lifted their price target for the stock from $67.00 to $72.00 in a research 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. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Wall Street Zen cut Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

Pan American Silver Trading Up 0.2%

Shares of Pan American Silver stock opened at $48.22 on Monday. The firm has a market capitalization of $20.32 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.38 and a beta of 0.67. Pan American Silver Corp. has a fifty-two week low of $26.76 and a fifty-two week high of $69.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. The stock has a 50 day moving average of $55.03 and a 200 day moving average of $54.93.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.03. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 earnings per share. As a group, research analysts predict that Pan American Silver Corp. will post 4.65 earnings per share for the current year.

Pan American Silver Announces Dividend

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

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.