Triasima Portfolio Management inc. Has $13.13 Million Stock Holdings in Pan American Silver Corp. $PAAS

Triasima Portfolio Management inc. raised its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 252,950 shares of the basic materials company’s stock after buying an additional 10,945 shares during the quarter. Pan American Silver accounts for about 2.0% of Triasima Portfolio Management inc.’s holdings, making the stock its 12th biggest position. Triasima Portfolio Management inc. owned approximately 0.06% of Pan American Silver worth $13,131,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its stake in Pan American Silver by 51.8% in the 3rd quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock valued at $1,748,355,000 after buying an additional 15,405,762 shares during the period. Vanguard Group Inc. increased its stake in Pan American Silver by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock valued at $905,513,000 after buying an additional 274,168 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Pan American Silver by 38.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock valued at $560,149,000 after buying an additional 4,037,311 shares during the period. Invesco Ltd. increased its stake in Pan American Silver by 9.8% in the 3rd quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock valued at $383,365,000 after buying an additional 882,135 shares during the period. Finally, First Eagle Investment Management LLC acquired a new position in Pan American Silver in the 3rd quarter valued at approximately $178,004,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of PAAS opened at $51.80 on Monday. The company’s fifty day moving average is $57.08 and its 200-day moving average is $51.37. Pan American Silver Corp. has a 12 month low of $22.08 and a 12 month high of $69.99. The firm has a market cap of $21.83 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 0.43 and a beta of 0.65. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business posted $0.35 EPS. Pan American Silver’s quarterly revenue was up 44.7% on a year-over-year basis. Equities analysts expect that Pan American Silver Corp. will post 4.45 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s payout ratio is currently 28.80%.

Analysts Set New Price Targets

Several research analysts have weighed in on PAAS shares. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 price objective on shares of Pan American Silver in a research note on Tuesday, April 28th. Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Scotiabank increased 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, Jefferies Financial Group dropped their price target on shares of 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. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Pan American Silver presently has an average rating of “Moderate Buy” and an average price target of $59.67.

Pan American Silver Company 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.