Clear Harbor Asset Management LLC Makes New $925,000 Investment in Pan American Silver Corp. $PAAS

Clear Harbor Asset Management LLC bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, HoldingsChannel.com reports. The firm bought 17,850 shares of the basic materials company’s stock, valued at approximately $925,000.

Other institutional investors also recently made changes to their positions in the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Pan American Silver in the third quarter worth $1,074,000. Vanguard Group Inc. raised its holdings in shares of Pan American Silver by 21.2% in the third quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock worth $666,192,000 after acquiring an additional 3,006,055 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Pan American Silver by 13.9% in the third quarter. TD Asset Management Inc now owns 2,251,564 shares of the basic materials company’s stock worth $87,270,000 after acquiring an additional 274,591 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Pan American Silver in the third quarter worth $178,004,000. Finally, Caprock Group LLC acquired a new position in shares of Pan American Silver in the third quarter worth $1,443,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $55.59 on Tuesday. Pan American Silver Corp. has a 1-year low of $24.90 and a 1-year high of $69.99. The business has a 50-day moving average of $55.41 and a 200-day moving average of $54.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. The company has a market capitalization of $23.42 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 0.45 and a beta of 0.65.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share 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 company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. The company’s revenue was up 49.3% compared to the same quarter last year. On average, equities analysts anticipate that Pan American Silver Corp. will post 4.65 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.3%. Pan American Silver’s dividend payout ratio is presently 23.15%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PAAS shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, May 12th. Wall Street Zen cut Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday. Canadian Imperial Bank of Commerce set a $88.00 price target on Pan American Silver and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Monday, May 11th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $68.00.

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.