Barings LLC Sells 2,946 Shares of Pan American Silver Corp. $PAAS

Barings LLC lowered its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,174 shares of the basic materials company’s stock after selling 2,946 shares during the period. Barings LLC owned approximately 0.07% of Pan American Silver worth $7,162,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PAAS. Signaturefd LLC boosted its stake in Pan American Silver by 5.5% during the 2nd quarter. Signaturefd LLC now owns 9,042 shares of the basic materials company’s stock valued at $257,000 after purchasing an additional 475 shares during the last quarter. CWM LLC lifted its holdings in shares of Pan American Silver by 32.1% during the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 550 shares in the last quarter. Kiker Wealth Management LLC boosted its position in shares of Pan American Silver by 42.4% during the second quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock valued at $57,000 after buying an additional 600 shares during the last quarter. US Bancorp DE boosted its position in shares of Pan American Silver by 13.4% during the first quarter. US Bancorp DE now owns 6,959 shares of the basic materials company’s stock valued at $180,000 after buying an additional 820 shares during the last quarter. Finally, Blair William & Co. IL increased its holdings in Pan American Silver by 4.3% in the 1st quarter. Blair William & Co. IL now owns 21,718 shares of the basic materials company’s stock worth $561,000 after buying an additional 900 shares in the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on PAAS shares. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. National Bankshares restated an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. National Bank Financial raised shares of Pan American Silver to a “strong-buy” rating in a research report on Thursday, September 4th. Scotiabank increased their price target on Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, CIBC raised their price target on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

Pan American Silver Stock Up 0.7%

Shares of PAAS stock opened at $36.72 on Friday. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15. Pan American Silver Corp. has a 12 month low of $19.80 and a 12 month high of $42.57. The stock has a market cap of $15.50 billion, a P/E ratio of 25.32, a P/E/G ratio of 0.44 and a beta of 0.63. The company has a 50 day simple moving average of $37.37 and a two-hundred day simple moving average of $31.98.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $854.60 million for the quarter, compared to analysts’ expectations of $867.76 million. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The company’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. On average, research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 24th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, November 24th. Pan American Silver’s dividend payout ratio is 32.37%.

Pan American Silver Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.