Perpetual Ltd Trims Stake in Pan American Silver Corp. $PAAS

Perpetual Ltd lowered its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 54.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,451 shares of the basic materials company’s stock after selling 182,103 shares during the period. Perpetual Ltd’s holdings in Pan American Silver were worth $7,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 387 shares during the last quarter. Rothschild Investment LLC bought a new position in Pan American Silver in the 3rd quarter valued at $36,000. Trust Co. of Vermont bought a new position in Pan American Silver in the 4th quarter valued at $48,000. City State Bank increased its stake in Pan American Silver by 74.4% in the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 435 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 497 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Up 0.1%

Shares of Pan American Silver stock opened at $55.80 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97. Pan American Silver Corp. has a 1 year low of $20.55 and a 1 year high of $69.99. The firm’s 50-day moving average is $58.01 and its two-hundred day moving average is $48.91. The stock has a market cap of $23.54 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 0.45 and a beta of 0.75.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, beating 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 analyst estimates of $1.11 billion. During the same quarter in the previous year, the business posted $0.35 EPS. The company’s quarterly revenue was up 44.7% compared to the same quarter last year. As a group, 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. Investors of record on Monday, March 2nd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. Pan American Silver’s payout ratio is presently 28.80%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PAAS shares. Jefferies Financial Group lowered their target price on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce set a $88.00 price objective on shares of Pan American Silver and gave the company an “outperform” rating in a report on Wednesday, February 4th. Scotiabank boosted their price objective on shares of Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and an average target price of $56.60.

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.