Generali Asset Management SPA SGR Has $1.19 Million Stock Holdings in Pan American Silver Corp. $PAAS

Generali Asset Management SPA SGR trimmed its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 45.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,746 shares of the basic materials company’s stock after selling 25,744 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Pan American Silver were worth $1,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. City State Bank increased its position in Pan American Silver by 74.4% in the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 435 shares in the last quarter. Signaturefd LLC grew its stake in shares of Pan American Silver by 5.5% during the second 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 increased its holdings in shares of Pan American Silver by 32.1% in 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. Northwestern Mutual Wealth Management Co. raised its position in Pan American Silver by 53.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 594 shares during the last quarter. Finally, Kiker Wealth Management LLC lifted its holdings in Pan American Silver by 42.4% during the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock worth $57,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Trading Down 1.7%

NYSE:PAAS opened at $50.95 on Monday. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12. Pan American Silver Corp. has a 1-year low of $20.35 and a 1-year high of $55.85. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 0.29 and a beta of 0.67. The business’s 50-day moving average price is $43.58 and its two-hundred day moving average price is $36.82.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $854.60 million during the quarter, compared to the consensus estimate of $867.76 million. Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The business’s revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. On average, equities analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, November 24th. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 1.1%. Pan American Silver’s payout ratio is currently 32.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. CIBC lifted their target price on Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research note on Friday, October 10th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Scotiabank boosted their price objective on Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Jefferies Financial Group restated a “hold” rating and set a $50.00 target price on shares of Pan American Silver in a research report on Sunday, December 7th. Finally, Bank of America lifted their price target on shares of Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pan American Silver has an average rating of “Moderate Buy” and a consensus target price of $44.33.

Pan American Silver Company 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.