Alberta Investment Management Corp Sells 25,800 Shares of Pan American Silver Corp. $PAAS

Alberta Investment Management Corp lessened its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 8.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 288,115 shares of the basic materials company’s stock after selling 25,800 shares during the period. Alberta Investment Management Corp’s holdings in Pan American Silver were worth $14,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PAAS. Parallel Advisors LLC boosted its holdings in shares of Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 387 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Pan American Silver during the 4th quarter worth approximately $34,000. Rothschild Investment LLC acquired a new stake in Pan American Silver during the 3rd quarter worth approximately $36,000. EverSource Wealth Advisors LLC boosted its stake in Pan American Silver by 93.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 497 shares during the period. Finally, Laurel Wealth Advisors LLC bought a new stake in Pan American Silver in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $49.07 on Friday. The business has a fifty day moving average price of $54.60 and a two-hundred day moving average price of $55.16. The stock has a market capitalization of $20.67 billion, a PE ratio of 15.78, a P/E/G ratio of 0.40 and a beta of 0.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. Pan American Silver Corp. has a fifty-two week low of $26.76 and a fifty-two week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released 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 return on equity of 19.50% and a net margin of 31.66%.The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm posted $0.42 EPS. Pan American Silver’s quarterly revenue was up 49.3% on a year-over-year basis. As a group, equities analysts predict that Pan American Silver Corp. will post 4.65 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

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

Analysts Set New Price Targets

PAAS has been the subject of a number of research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a report on Tuesday, April 28th. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Monday, May 11th. Wall Street Zen lowered shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Finally, Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.