NFJ Investment Group LLC Has $12.49 Million Position in Pan American Silver Corp. $PAAS

NFJ Investment Group LLC reduced its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 19.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 241,052 shares of the basic materials company’s stock after selling 59,894 shares during the period. NFJ Investment Group LLC owned approximately 0.06% of Pan American Silver worth $12,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in Pan American Silver by 151.8% during the 3rd 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 last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Pan American Silver during the 4th quarter worth approximately $34,000. Laurel Wealth Advisors LLC acquired a new stake in Pan American Silver during the 4th quarter worth approximately $41,000. Golden State Wealth Management LLC lifted its holdings in Pan American Silver by 173.3% during the 4th quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 520 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in Pan American Silver during the 3rd quarter worth approximately $36,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Up 3.6%

Shares of PAAS opened at $48.22 on Friday. Pan American Silver Corp. has a 52-week low of $26.76 and a 52-week high of $69.99. The business’s fifty day moving average is $55.03 and its 200-day moving average is $54.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. The firm has a market cap of $20.32 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.38 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company posted $0.42 EPS. The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. Equities analysts anticipate that Pan American Silver Corp. will post 4.65 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were paid a $0.18 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.5%. Pan American Silver’s dividend payout ratio (DPR) is presently 23.15%.

Analyst Ratings Changes

PAAS has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, May 12th. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Wall Street Zen cut Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and raised their price objective for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a research note on Tuesday, April 28th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $68.00.

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.