Knights of Columbus Asset Advisors LLC Raises Holdings in Pan American Silver Corp. $PAAS

Knights of Columbus Asset Advisors LLC lifted its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 176.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 114,780 shares of the basic materials company’s stock after buying an additional 73,326 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Pan American Silver were worth $4,445,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in shares of Pan American Silver by 48.6% during the first 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 in the last quarter. Jones Financial Companies Lllp boosted its position in 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 valued at $504,000 after acquiring an additional 16,626 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Pan American Silver by 31.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock valued at $38,728,000 after acquiring an additional 360,283 shares during the period. Empowered Funds LLC bought a new position in shares of Pan American Silver in the 1st quarter worth $1,272,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Pan American Silver by 38.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,754 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 1,034 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Down 4.0%

Pan American Silver stock opened at $63.27 on Friday. The business’s 50-day simple moving average is $51.88 and its two-hundred day simple moving average is $40.56. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.55 and a current ratio of 2.31. The company has a market cap of $26.69 billion, a PE ratio of 36.57, a PEG ratio of 0.72 and a beta of 0.67. Pan American Silver Corp. has a fifty-two week low of $20.55 and a fifty-two week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The firm had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. During the same period last year, the firm earned $0.32 EPS. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were paid a $0.14 dividend. The ex-dividend date was Monday, November 24th. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.9%. Pan American Silver’s dividend payout ratio (DPR) is currently 32.37%.

Analyst Ratings Changes

Several equities analysts have issued reports on PAAS shares. Jefferies Financial Group cut their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Bank of America boosted their target price on Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Finally, Wall Street Zen upgraded Pan American Silver from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

About Pan American Silver

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.