Pan American Silver Corp. $PAAS is Steadtrust LLC’s 5th Largest Position

Steadtrust LLC decreased its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,800 shares of the basic materials company’s stock after selling 14,110 shares during the period. Pan American Silver comprises 4.3% of Steadtrust LLC’s investment portfolio, making the stock its 5th biggest position. Steadtrust LLC’s holdings in Pan American Silver were worth $6,984,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in Pan American Silver by 151.8% in 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 during the period. Rothschild Investment LLC purchased a new stake in Pan American Silver during the third quarter worth approximately $36,000. City State Bank boosted 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 valued at $40,000 after purchasing an additional 435 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 worth $40,000 after purchasing an additional 497 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Pan American Silver by 3,111.4% during the 3rd quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after buying an additional 1,089 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on PAAS. 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 upped their target price on Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Scotiabank increased their price objective on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Finally, Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.60.

Pan American Silver Stock Down 3.2%

PAAS opened at $46.80 on Monday. Pan American Silver Corp. has a 52 week low of $20.55 and a 52 week high of $69.99. The business has a 50 day moving average price of $59.03 and a two-hundred day moving average price of $47.84. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11. The company has a market cap of $19.74 billion, a PE ratio of 18.72, a P/E/G ratio of 0.43 and a beta of 0.61.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The firm’s revenue was up 44.7% compared to the same quarter last year. As a group, research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s dividend payout ratio is currently 28.80%.

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.