Pine Valley Investments Ltd Liability Co Sells 18,456 Shares of Pan American Silver Corp. $PAAS

Pine Valley Investments Ltd Liability Co decreased its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 19.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 77,539 shares of the basic materials company’s stock after selling 18,456 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Pan American Silver were worth $4,236,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 387 shares during the period. Fifth Third Bancorp raised its position in shares of Pan American Silver by 1,336.1% in the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 481 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Pan American Silver during the 4th quarter valued at approximately $34,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Pan American Silver during the 4th quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC boosted its holdings in Pan American Silver by 173.3% in the 4th quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock worth $42,000 after buying an additional 520 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

PAAS has been the topic of a number of analyst reports. Wall Street Zen cut shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and raised their price target for the stock from $67.00 to $72.00 in a report on Tuesday, May 12th. Scotiabank reiterated an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Royal Bank Of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a research note on Tuesday, April 28th. Finally, Jefferies Financial Group dropped their price objective on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, July 6th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.43.

Pan American Silver Price Performance

Pan American Silver stock opened at $43.08 on Monday. The stock has a market cap of $17.97 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 3.70 and a beta of 0.73. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The business has a 50-day simple moving average of $46.98 and a 200 day simple moving average of $53.79. Pan American Silver Corp. has a 52 week low of $26.76 and a 52 week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.03. The firm had revenue of $1.33 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%.The company’s revenue was up 49.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.42 EPS. On average, research analysts forecast that Pan American Silver Corp. will post 4.15 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s dividend 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.