Evergreen Quality Fund GP Ltd. Sells 375,200 Shares of Pan American Silver Corp. $PAAS

Evergreen Quality Fund GP Ltd. decreased its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 18.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,620,000 shares of the basic materials company’s stock after selling 375,200 shares during the period. Pan American Silver makes up approximately 1.7% of Evergreen Quality Fund GP Ltd.’s holdings, making the stock its 16th biggest position. Evergreen Quality Fund GP Ltd.’s holdings in Pan American Silver were worth $83,932,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in shares of Pan American Silver by 48.6% in the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock valued at $504,000 after purchasing an additional 6,391 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Pan American Silver by 574.9% during the 1st quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock worth $504,000 after buying an additional 16,626 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Pan American Silver by 31.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock worth $38,728,000 after buying an additional 360,283 shares during the period. Empowered Funds LLC acquired a new stake in shares of Pan American Silver during the 1st quarter worth approximately $1,272,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Pan American Silver by 53.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 594 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and lifted their price target for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a 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 objective on the stock in a research report on Monday, May 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Pan American Silver in a research report on Tuesday, April 28th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $68.00.

Pan American Silver Stock Performance

PAAS opened at $50.44 on Thursday. Pan American Silver Corp. has a 1-year low of $26.76 and a 1-year high of $69.99. The company has a market cap of $21.25 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 0.41 and a beta of 0.67. The company’s fifty day moving average price is $54.74 and its two-hundred day moving average price is $55.13. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The business’s revenue was up 49.3% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. On average, analysts expect that Pan American Silver Corp. will post 4.65 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. Pan American Silver’s payout ratio is 23.15%.

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.