Sanctuary Advisors LLC Sells 14,857 Shares of Pan American Silver Corp. $PAAS

Sanctuary Advisors LLC cut its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 43.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 19,353 shares of the basic materials company’s stock after selling 14,857 shares during the quarter. Sanctuary Advisors LLC’s holdings in Pan American Silver were worth $1,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its stake in shares of Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 387 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Pan American Silver by 1,336.1% in the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 481 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Pan American Silver during the 4th quarter valued at approximately $34,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Pan American Silver during the 4th quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of 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 valued at $42,000 after buying an additional 520 shares in the last quarter. Institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

PAAS has been the subject of a number of recent research reports. Zacks Research lowered shares of Pan American Silver from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and increased their target price for the stock from $67.00 to $72.00 in a research report on Tuesday, May 12th. Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Bank of America cut their price target on Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a research report on Tuesday, April 28th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and an average price target of $70.43.

Pan American Silver Price Performance

PAAS stock opened at $44.03 on Friday. The firm has a 50 day moving average of $48.07 and a 200-day moving average of $54.17. 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 Corp. has a 12 month low of $26.76 and a 12 month high of $69.99. The firm has a market capitalization of $18.36 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 3.91 and a beta of 0.72.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.06 by $0.03. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. Pan American Silver’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 earnings per share. As a group, sell-side analysts predict that Pan American Silver Corp. will post 4.02 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is presently 23.15%.

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.