Dynamic Technology Lab Private Ltd Trims Stake in Pan American Silver Corp. $PAAS

Dynamic Technology Lab Private Ltd lowered its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 62.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,634 shares of the basic materials company’s stock after selling 29,017 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Pan American Silver were worth $683,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of 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 in the last quarter. Rothschild Investment LLC bought a new position in Pan American Silver in the third quarter worth $36,000. City State Bank raised its holdings in Pan American Silver by 74.4% in the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 435 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Pan American Silver by 93.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after buying an additional 497 shares during the period. Finally, Assetmark Inc. lifted its position in Pan American Silver by 3,111.4% during the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock valued at $44,000 after buying an additional 1,089 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PAAS. Scotiabank upped their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 22nd. Bank of America boosted 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. Jefferies Financial Group cut their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 21st. Finally, Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.60.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $60.63 on Tuesday. Pan American Silver Corp. has a 1 year low of $20.55 and a 1 year high of $69.99. The firm’s 50-day moving average is $58.61 and its 200 day moving average is $46.45. The stock has a market cap of $25.58 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 0.55 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97.

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 for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates 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 was up 44.7% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. Sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors 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 dividend yield of 1.2%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, March 2nd. Pan American Silver’s payout ratio is 28.80%.

Pan American Silver Company 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.