Pan American Silver Corp. $PAAS Shares Sold by Barings LLC

Barings LLC lowered its stake in shares of Pan American Silver Corp. (NYSE:PAASFree Report) (TSE:PAAS) by 33.3% in the third quarter, Holdings Channel reports. The institutional investor owned 168,158 shares of the basic materials company’s stock after selling 84,016 shares during the quarter. Barings LLC’s holdings in Pan American Silver were worth $6,513,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PAAS. Arrowstreet Capital Limited Partnership increased its holdings in shares of Pan American Silver by 5,674.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock worth $174,406,000 after acquiring an additional 6,034,755 shares during the period. Norges Bank bought a new position in Pan American Silver in the 2nd quarter worth about $155,281,000. Vanguard Group Inc. grew 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 worth $666,192,000 after purchasing an additional 3,006,055 shares during the last quarter. Invesco Ltd. increased its stake in shares of Pan American Silver by 49.5% in the second quarter. Invesco Ltd. now owns 9,016,262 shares of the basic materials company’s stock valued at $256,062,000 after purchasing an additional 2,986,434 shares during the period. Finally, North of South Capital LLP raised its holdings in shares of Pan American Silver by 444.2% during the third quarter. North of South Capital LLP now owns 3,000,056 shares of the basic materials company’s stock valued at $116,192,000 after buying an additional 2,448,778 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

More Pan American Silver News

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Pan American Silver Stock Performance

Shares of PAAS opened at $64.76 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.55. The firm’s 50 day moving average is $56.05 and its 200-day moving average is $43.75. Pan American Silver Corp. has a 12-month low of $20.55 and a 12-month high of $69.99. The stock has a market capitalization of $27.32 billion, a P/E ratio of 25.91, a P/E/G ratio of 0.58 and a beta of 0.66.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.21. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The firm’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. Equities research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, March 2nd. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s payout ratio is presently 28.80%.

Analyst Ratings Changes

Several research analysts have recently issued reports on PAAS shares. Jefferies Financial Group decreased their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Bank of America increased their target price on shares of Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Wall Street Zen raised shares of Pan American Silver from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Scotiabank upped their price target on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce set a $88.00 price objective on shares of Pan American Silver and gave the company an “outperform” rating in a report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.60.

Check Out Our Latest Stock Analysis on PAAS

About Pan American Silver

(Free Report)

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.

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Institutional Ownership by Quarter for Pan American Silver (NYSE:PAAS)

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