First Eagle Investment Management LLC Decreases Holdings in Pan American Silver Corp. $PAAS

First Eagle Investment Management LLC cut its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 24.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,488,959 shares of the basic materials company’s stock after selling 1,105,575 shares during the quarter. First Eagle Investment Management LLC’s holdings in Pan American Silver were worth $180,889,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Veracity Capital LLC increased its position in shares of Pan American Silver by 1.9% during the 4th quarter. Veracity Capital LLC now owns 9,868 shares of the basic materials company’s stock valued at $511,000 after purchasing an additional 185 shares during the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of Pan American Silver by 4.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,507 shares of the basic materials company’s stock valued at $337,000 after purchasing an additional 262 shares during the last quarter. Harvest Portfolios Group Inc. increased its position in shares of 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 purchasing an additional 318 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of Pan American Silver by 7.9% during the 4th quarter. CoreCap Advisors LLC now owns 4,535 shares of the basic materials company’s stock worth $235,000 after acquiring an additional 331 shares during the period. Finally, Alta Wealth Advisors LLC grew its stake in shares of Pan American Silver by 4.7% during the 4th quarter. Alta Wealth Advisors LLC now owns 8,351 shares of the basic materials company’s stock worth $433,000 after acquiring an additional 375 shares during the period. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Performance

Shares of PAAS opened at $62.26 on Tuesday. The company has a market cap of $26.23 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 0.49 and a beta of 0.65. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $56.26 and a 200-day moving average price of $52.00. Pan American Silver Corp. has a 12-month low of $22.08 and a 12-month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $1.15 billion for 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 for the quarter was up 49.3% compared to the same quarter last year. During the same period last year, the firm posted $0.42 EPS. As a group, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, May 19th. Pan American Silver’s payout ratio is 23.15%.

Wall Street Analyst Weigh In

PAAS has been the subject of several research reports. 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 research note on Wednesday, January 21st. TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Monday. Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Canadian Imperial Bank of Commerce set a $88.00 price target on Pan American Silver and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $67.33.

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.