Schwartz Investment Counsel Inc. Sells 8,000 Shares of Pan American Silver Corp. $PAAS

Schwartz Investment Counsel Inc. cut its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 13.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 50,000 shares of the basic materials company’s stock after selling 8,000 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Pan American Silver were worth $2,590,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Parallel Advisors LLC boosted its position 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 valued at $25,000 after buying an additional 387 shares during the period. Rothschild Investment LLC bought a new stake in shares of Pan American Silver in the third quarter worth about $36,000. EverSource Wealth Advisors LLC increased its holdings in Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 497 shares during the period. Laurel Wealth Advisors LLC bought a new position in Pan American Silver during the 4th quarter valued at approximately $41,000. Finally, Assetmark Inc. lifted its holdings in Pan American Silver by 3,111.4% in the 3rd quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after buying an additional 1,089 shares during the period. Institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PAAS. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Sunday. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and upped their price target for the stock from $67.00 to $72.00 in a research note on Tuesday. Scotiabank increased their target price on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Jefferies Financial Group dropped their target price on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 target price on shares of Pan American Silver in a report on Tuesday, April 28th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Pan American Silver has an average rating of “Moderate Buy” and a consensus target price of $68.00.

Pan American Silver Stock Performance

PAAS opened at $63.80 on Wednesday. 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 stock has a market capitalization of $26.88 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 0.51 and a beta of 0.65. The company has a fifty day moving average of $56.17 and a 200 day moving average of $52.20. Pan American Silver Corp. has a fifty-two week low of $22.08 and a fifty-two week high of $69.99.

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 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 analyst estimates of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The business’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 earnings per share. As a group, sell-side analysts forecast that Pan American Silver Corp. will post 4.45 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.1%. Pan American Silver’s dividend payout ratio (DPR) is presently 23.15%.

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.