Greenwich Wealth Management LLC Grows Stock Holdings in Pan American Silver Corp. $PAAS

Greenwich Wealth Management LLC raised its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 80.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,000 shares of the basic materials company’s stock after buying an additional 21,796 shares during the period. Greenwich Wealth Management LLC’s holdings in Pan American Silver were worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Pan American Silver in the 3rd quarter valued at about $1,074,000. Vanguard Group Inc. boosted its position in Pan American Silver by 21.2% in the 3rd quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock valued at $666,192,000 after buying an additional 3,006,055 shares during the period. TD Asset Management Inc boosted its position in Pan American Silver by 13.9% in the 3rd quarter. TD Asset Management Inc now owns 2,251,564 shares of the basic materials company’s stock valued at $87,270,000 after buying an additional 274,591 shares during the period. First Eagle Investment Management LLC purchased a new stake in Pan American Silver in the 3rd quarter valued at about $178,004,000. Finally, RWA Wealth Partners LLC purchased a new stake in Pan American Silver in the 3rd quarter valued at about $570,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

Shares of PAAS opened at $55.06 on Wednesday. The company has a 50 day moving average price of $55.41 and a 200-day moving average price of $54.24. Pan American Silver Corp. has a fifty-two week low of $25.56 and a fifty-two week high of $69.99. The stock has a market capitalization of $23.20 billion, a PE ratio of 17.70, a PEG ratio of 0.44 and a beta of 0.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly 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 net margin of 31.66% and a return on equity of 19.50%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the company earned $0.42 EPS. The company’s revenue was up 49.3% compared to the same quarter last year. Equities analysts predict that Pan American Silver Corp. will post 4.65 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and upped their price target for the stock from $67.00 to $72.00 in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, May 12th. TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $68.00.

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.