Bayforest Capital Ltd Has $192,000 Stake in Pan American Silver Corp. $PAAS

Bayforest Capital Ltd decreased its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 76.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,709 shares of the basic materials company’s stock after selling 11,827 shares during the quarter. Bayforest Capital Ltd’s holdings in Pan American Silver were worth $192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PAAS. Parallel Advisors LLC grew its holdings in shares of Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 387 shares in the last quarter. Rothschild Investment LLC bought a new position in Pan American Silver during the third quarter worth about $36,000. City State Bank grew its holdings in Pan American Silver by 74.4% during 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. EverSource Wealth Advisors LLC boosted its holdings in shares of Pan American Silver by 93.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 497 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of Pan American Silver by 3,111.4% during the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 1,089 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of PAAS opened at $58.69 on Tuesday. The firm’s fifty day simple moving average is $57.69 and its two-hundred day simple moving average is $50.53. Pan American Silver Corp. has a 12 month low of $22.08 and a 12 month high of $69.99. The stock has a market capitalization of $24.73 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 0.49 and a beta of 0.75. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share 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 firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. The business’s quarterly revenue was up 44.7% compared to the same quarter last year. As a group, analysts predict that Pan American Silver Corp. will post 4.42 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.18 per share. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, March 2nd. Pan American Silver’s dividend payout ratio (DPR) is currently 28.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Zacks Research upgraded Pan American Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Scotiabank upped their price target on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.60.

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.