Achmea Investment Management B.V. Has $2.26 Million Stake in Pan American Silver Corp. $PAAS

Achmea Investment Management B.V. reduced its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 71.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,430 shares of the basic materials company’s stock after selling 148,405 shares during the period. Achmea Investment Management B.V.’s holdings in Pan American Silver were worth $2,264,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. XTX Topco Ltd increased its stake in Pan American Silver by 123.9% in the 2nd quarter. XTX Topco Ltd now owns 52,331 shares of the basic materials company’s stock valued at $1,486,000 after buying an additional 28,963 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Pan American Silver by 176.9% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 114,780 shares of the basic materials company’s stock worth $4,445,000 after buying an additional 73,326 shares during the last quarter. J. Safra Sarasin Holding AG grew its holdings in shares of Pan American Silver by 117.9% in the third quarter. J. Safra Sarasin Holding AG now owns 43,946 shares of the basic materials company’s stock valued at $1,702,000 after acquiring an additional 23,780 shares in the last quarter. Hollencrest Capital Management grew its holdings in shares of Pan American Silver by 214.3% in the third quarter. Hollencrest Capital Management now owns 121,633 shares of the basic materials company’s stock valued at $4,711,000 after acquiring an additional 82,932 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its position in shares of Pan American Silver by 363.2% during the third quarter. Campbell & CO Investment Adviser LLC now owns 151,801 shares of the basic materials company’s stock valued at $5,879,000 after acquiring an additional 119,028 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PAAS shares. Bank of America increased their target price on shares of Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Jefferies Financial Group lowered 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 report on Wednesday, January 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.60.

Pan American Silver Stock Performance

Pan American Silver stock opened at $51.72 on Thursday. Pan American Silver Corp. has a fifty-two week low of $20.55 and a fifty-two week high of $69.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.69. The stock has a market cap of $21.82 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 0.51 and a beta of 0.62. The firm’s fifty day moving average price is $59.28 and its 200-day moving average price is $47.55.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 44.7% on a year-over-year basis. On average, equities research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, March 2nd. Pan American Silver’s dividend payout ratio is currently 28.80%.

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.