Privium Fund Management B.V. Sells 11,216 Shares of Pan American Silver Corp. $PAAS

Privium Fund Management B.V. trimmed its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 37.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,531 shares of the basic materials company’s stock after selling 11,216 shares during the period. Privium Fund Management B.V.’s holdings in Pan American Silver were worth $718,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Pan American Silver by 48.6% during the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock worth $504,000 after acquiring an additional 6,391 shares in the last quarter. Jones Financial Companies Lllp raised its position in Pan American Silver by 574.9% during the first quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock valued at $504,000 after purchasing an additional 16,626 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Pan American Silver by 31.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock worth $38,728,000 after purchasing an additional 360,283 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Pan American Silver in the 1st quarter valued at $1,272,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Pan American Silver by 38.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,754 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 1,034 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Jefferies Financial Group reduced their price target on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 21st. CIBC upped their price objective on shares of Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Finally, Wall Street Zen raised shares of Pan American Silver from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $47.83.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $54.47 on Friday. The stock has a market cap of $22.98 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 0.69 and a beta of 0.67. Pan American Silver Corp. has a twelve month low of $20.55 and a twelve month high of $69.99. The company’s fifty day moving average is $52.24 and its 200 day moving average is $40.73. The company has a quick ratio of 1.55, a current ratio of 2.31 and a debt-to-equity ratio of 0.12.

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

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were issued a $0.14 dividend. The ex-dividend date 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 1.0%. Pan American Silver’s dividend payout ratio (DPR) is currently 32.37%.

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.