Pan American Silver Corp. $PAAS Position Decreased by Private Advisor Group LLC

Private Advisor Group LLC lowered its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 29.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 30,246 shares of the basic materials company’s stock after selling 12,799 shares during the quarter. Private Advisor Group LLC’s holdings in Pan American Silver were worth $1,652,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Parallel Advisors LLC lifted its stake in Pan American Silver by 151.8% during 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. Caitong International Asset Management Co. Ltd acquired a new position in Pan American Silver in the fourth quarter worth approximately $34,000. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver in the fourth quarter worth approximately $41,000. Golden State Wealth Management LLC increased its holdings in shares of Pan American Silver by 173.3% in the fourth quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock valued at $42,000 after buying an additional 520 shares in the last quarter. Finally, Harbor Investment Advisory LLC bought a new position in shares of Pan American Silver in the first quarter valued at $44,000. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PAAS has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and upped their target price for the company from $67.00 to $72.00 in a report on Tuesday, May 12th. Jefferies Financial Group decreased their price target on Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, July 6th. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 4th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Stock Down 1.0%

NYSE:PAAS traded down $0.42 during trading hours on Friday, hitting $43.70. 2,953,041 shares of the stock traded hands, compared to its average volume of 4,483,336. The firm has a 50 day moving average price of $51.07 and a 200 day moving average price of $54.84. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a fifty-two week low of $26.76 and a fifty-two week high of $69.99. The firm has a market cap of $18.35 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 3.79 and a beta of 0.72.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the firm posted $0.42 earnings per share. Pan American Silver’s revenue was up 49.3% compared to the same quarter last year. Equities research analysts anticipate that Pan American Silver Corp. will post 4.31 earnings per share for the current year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s payout ratio is 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.