Pan American Silver Corp. $PAAS is Euro Pacific Asset Management LLC’s 4th Largest Position

Euro Pacific Asset Management LLC lessened its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,287,451 shares of the basic materials company’s stock after selling 43,169 shares during the quarter. Pan American Silver makes up about 0.2% of Euro Pacific Asset Management LLC’s holdings, making the stock its 4th largest position. Euro Pacific Asset Management LLC owned about 0.31% of Pan American Silver worth $61,594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harvest Portfolios Group Inc. increased its holdings in Pan American Silver by 0.9% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 36,240 shares of the basic materials company’s stock valued at $1,404,000 after acquiring an additional 318 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Pan American Silver by 7.9% in the fourth quarter. CoreCap Advisors LLC now owns 4,535 shares of the basic materials company’s stock valued at $235,000 after purchasing an additional 331 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Pan American Silver by 18.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,373 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 364 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares during the last quarter. Finally, Eastern Bank grew its position in shares of Pan American Silver by 29.5% in the fourth quarter. Eastern Bank now owns 1,757 shares of the basic materials company’s stock valued at $91,000 after purchasing an additional 400 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PAAS. Canadian Imperial Bank of Commerce set a $88.00 price objective on Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Bank of America increased their target price on Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a report on Monday, December 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Jefferies Financial Group cut their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Pan American Silver has an average rating of “Moderate Buy” and an average target price of $56.60.

Pan American Silver Stock Performance

Shares of PAAS opened at $51.05 on Tuesday. Pan American Silver Corp. has a 1 year low of $20.55 and a 1 year high of $69.99. The company’s 50 day simple moving average is $58.41 and its 200 day simple moving average is $48.47. The company has a market capitalization of $21.53 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.42 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.69.

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

Pan American Silver Increases Dividend

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

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.