Pan American Silver Corp. $PAAS Position Lessened by Private Advisor Group LLC

Private Advisor Group LLC lowered its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 29.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,246 shares of the basic materials company’s stock after selling 12,799 shares during the quarter. Private Advisor Group LLC’s holdings in Pan American Silver were worth $1,652,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in Pan American Silver by 151.8% in the third 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 stake in shares of Pan American Silver in the 4th quarter worth about $34,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver in the 4th quarter valued at about $41,000. Golden State Wealth Management LLC lifted its position in Pan American Silver by 173.3% in the 4th quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 520 shares during the last quarter. Finally, Harbor Investment Advisory LLC acquired a new position in Pan American Silver during the 1st quarter valued at about $44,000. 55.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PAAS has been the topic of several analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a research note on Tuesday, April 28th. Bank of America reduced their price objective on Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday. Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 4th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group decreased their price target on Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, July 6th. Eight equities research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.43.

Pan American Silver Price Performance

Shares of NYSE PAAS traded down $0.42 during mid-day trading on Friday, reaching $43.70. 2,953,041 shares of the company traded hands, compared to its average volume of 4,483,336. Pan American Silver Corp. has a fifty-two week low of $26.76 and a fifty-two week high of $69.99. The firm has a market cap of $18.35 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 3.79 and a beta of 0.72. The stock has a fifty day simple moving average of $51.07 and a 200-day simple moving average of $54.84. 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 (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate 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 firm posted $0.42 earnings per share. Equities research analysts anticipate that Pan American Silver Corp. will post 4.31 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a $0.18 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. Pan American Silver’s dividend payout ratio is 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.