Oxbow Advisors LLC Sells 434,163 Shares of Pan American Silver Corp. $PAAS

Oxbow Advisors LLC cut its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 97.6% in the 4th quarter, Holdings Channel reports. The firm owned 10,662 shares of the basic materials company’s stock after selling 434,163 shares during the period. Oxbow Advisors LLC’s holdings in Pan American Silver were worth $552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Veracity Capital LLC lifted its stake in Pan American Silver by 1.9% during the fourth quarter. Veracity Capital LLC now owns 9,868 shares of the basic materials company’s stock worth $511,000 after purchasing an additional 185 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in Pan American Silver by 4.2% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,507 shares of the basic materials company’s stock worth $337,000 after purchasing an additional 262 shares during the last quarter. Harvest Portfolios Group Inc. lifted its stake in Pan American Silver by 0.9% during the third quarter. Harvest Portfolios Group Inc. now owns 36,240 shares of the basic materials company’s stock worth $1,404,000 after purchasing an additional 318 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Pan American Silver by 7.9% during the fourth quarter. CoreCap Advisors LLC now owns 4,535 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 331 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Pan American Silver by 18.1% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,373 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 364 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PAAS has been the subject of several recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. Wall Street Zen cut Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Jefferies Financial Group cut their target price on 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. Scotiabank upped their target price on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, 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 note on Wednesday, February 4th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.67.

Pan American Silver Stock Up 0.1%

Shares of PAAS opened at $59.18 on Monday. Pan American Silver Corp. has a 52 week low of $22.08 and a 52 week high of $69.99. The stock has a market capitalization of $24.94 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.49 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. The stock has a fifty day moving average of $56.47 and a 200-day moving average of $51.68.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.Pan American Silver’s revenue was up 49.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS. As a group, sell-side analysts anticipate that Pan American Silver Corp. will post 4.45 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, May 19th. Pan American Silver’s dividend payout ratio is presently 23.15%.

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.