Cardinal Point Capital Management ULC Has $567,000 Holdings in Pan American Silver Corp. $PAAS

Cardinal Point Capital Management ULC trimmed its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 57.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,379 shares of the basic materials company’s stock after selling 14,037 shares during the period. Cardinal Point Capital Management ULC’s holdings in Pan American Silver were worth $567,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC grew its position in shares of Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after buying an additional 387 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Pan American Silver in the fourth quarter worth approximately $34,000. Laurel Wealth Advisors LLC acquired a new position in shares of Pan American Silver in the fourth quarter worth approximately $41,000. Golden State Wealth Management LLC lifted its stake in shares of Pan American Silver by 173.3% in the fourth 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, Trust Co. of Vermont bought a new stake in Pan American Silver in the fourth quarter valued at approximately $48,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of PAAS opened at $44.95 on Friday. The firm has a market cap of $18.94 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 0.35 and a beta of 0.67. Pan American Silver Corp. has a 52-week low of $26.76 and a 52-week high of $69.99. The business’s 50 day moving average price is $53.52 and its two-hundred day moving average price is $55.23. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 EPS 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 the consensus estimate of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The company’s quarterly revenue was up 49.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. On average, equities analysts anticipate that Pan American Silver Corp. will post 4.66 EPS for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 annualized dividend and a yield of 1.6%. Pan American Silver’s dividend payout ratio is currently 23.15%.

Wall Street Analyst Weigh In

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