SG Americas Securities LLC Sells 333,545 Shares of Pan American Silver Corp. $PAAS

SG Americas Securities LLC lowered its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 82.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 72,908 shares of the basic materials company’s stock after selling 333,545 shares during the period. SG Americas Securities LLC’s holdings in Pan American Silver were worth $2,824,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PAAS. City State Bank boosted its position in shares of 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 valued at $40,000 after buying an additional 435 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 594 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in Pan American Silver during the 2nd quarter worth $51,000. Kiker Wealth Management LLC grew its stake in shares of Pan American Silver by 42.4% in the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 600 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Pan American Silver by 32.1% in the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 550 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PAAS. Jefferies Financial Group reissued a “hold” rating and set a $50.00 price target on shares of Pan American Silver in a research report on Sunday, December 7th. Scotiabank increased their price objective on shares of Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Wall Street Zen downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, CIBC lifted their price target on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.33.

Pan American Silver Stock Up 2.6%

Pan American Silver stock opened at $55.68 on Tuesday. The firm has a 50 day moving average price of $45.87 and a 200-day moving average price of $37.89. The company has a quick ratio of 1.55, a current ratio of 2.31 and a debt-to-equity ratio of 0.12. Pan American Silver Corp. has a twelve month low of $20.35 and a twelve month high of $56.69. The company has a market capitalization of $23.50 billion, a P/E ratio of 32.18, a P/E/G ratio of 0.33 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The firm had revenue of $854.60 million during the quarter, compared to analysts’ expectations of $867.76 million. During the same quarter in the previous year, the company posted $0.32 EPS. Pan American Silver’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, November 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio is currently 32.37%.

Pan American Silver 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.