Pan American Silver Corp. $PAAS Shares Sold by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC cut its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 29.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 175,080 shares of the basic materials company’s stock after selling 73,000 shares during the quarter. Goehring & Rozencwajg Associates LLC’s holdings in Pan American Silver were worth $9,071,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position 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 purchasing an additional 15,405,762 shares during the last quarter. Vanguard Group Inc. lifted its position 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 purchasing an additional 274,168 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 purchasing an additional 4,037,311 shares during the last quarter. Invesco Ltd. lifted its position 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 purchasing an additional 882,135 shares during the last quarter. Finally, Norges Bank bought a new stake in Pan American Silver in the 4th quarter valued at about $303,611,000. 55.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PAAS has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, May 12th. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Monday, May 11th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 price objective on shares of Pan American Silver in a research report on Tuesday, April 28th. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Pan American Silver Stock Up 3.6%

PAAS stock 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 company has a market capitalization of $20.32 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 0.37 and a beta of 0.67. The firm’s 50-day moving average is $55.03 and its two-hundred day moving average is $54.82. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm earned $0.42 EPS. Pan American Silver’s revenue was up 49.3% on a year-over-year basis. On average, analysts forecast that Pan American Silver Corp. will post 4.65 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s payout ratio is 23.15%.

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.