Andra AP fonden Sells 83,100 Shares of Pan American Silver Corp. $PAAS

Andra AP fonden trimmed its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 55.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,500 shares of the basic materials company’s stock after selling 83,100 shares during the period. Andra AP fonden’s holdings in Pan American Silver were worth $2,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Pan American Silver by 21.2% in the third quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock worth $666,192,000 after buying an additional 3,006,055 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Pan American Silver by 15.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,425,601 shares of the basic materials company’s stock valued at $296,087,000 after acquiring an additional 1,396,360 shares during the period. Invesco Ltd. increased its holdings in Pan American Silver by 49.5% in the 2nd quarter. Invesco Ltd. now owns 9,016,262 shares of the basic materials company’s stock worth $256,062,000 after acquiring an additional 2,986,434 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Pan American Silver by 5,674.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock worth $174,406,000 after acquiring an additional 6,034,755 shares during the period. Finally, Norges Bank bought a new stake in Pan American Silver during the 2nd quarter worth approximately $155,281,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

NYSE:PAAS opened at $68.66 on Friday. The business’s 50-day moving average is $57.66 and its 200 day moving average is $45.08. Pan American Silver Corp. has a 12 month low of $20.55 and a 12 month high of $69.99. The company has a market capitalization of $28.97 billion, a P/E ratio of 27.46, a P/E/G ratio of 0.65 and a beta of 0.66. 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 released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.21. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.11 billion. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The company’s revenue was up 44.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. On average, equities research analysts forecast 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 will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.0%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, March 2nd. Pan American Silver’s dividend payout ratio (DPR) is 22.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PAAS shares. Bank of America increased their price objective on shares of Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 22nd. Jefferies Financial Group lowered their price objective on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Finally, Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Five research analysts have rated the stock with 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 $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.