Lbp Am Sa Has $1.68 Million Stake in Pan American Silver Corp. $PAAS

Lbp Am Sa lowered its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 21.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 43,463 shares of the basic materials company’s stock after selling 11,804 shares during the period. Lbp Am Sa’s holdings in Pan American Silver were worth $1,683,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. City State Bank boosted its holdings in Pan American Silver by 74.4% in the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 435 shares in the last quarter. Wolverine Asset Management LLC bought a new position in Pan American Silver during the third quarter worth about $58,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 594 shares during the last quarter. Dakota Community Bank & Trust NA bought a new position in shares of Pan American Silver in the third quarter valued at approximately $66,000. Finally, Mark Sheptoff Financial Planning LLC bought a new position in Pan American Silver in the 2nd quarter valued at $51,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Down 0.7%

PAAS stock opened at $64.36 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The stock has a market capitalization of $27.15 billion, a P/E ratio of 37.20, a P/E/G ratio of 0.71 and a beta of 0.67. Pan American Silver Corp. has a fifty-two week low of $20.55 and a fifty-two week high of $69.99. The business has a 50-day moving average of $50.81 and a 200-day moving average of $40.22.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The firm had revenue of $854.60 million during the quarter, compared to the consensus estimate of $867.76 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The company’s revenue was up 19.3% on a year-over-year basis. On average, sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, November 24th. Pan American Silver’s payout ratio is 32.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PAAS. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Jefferies Financial Group reduced their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 21st. Bank of America lifted their price objective on Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a report on Monday, December 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Finally, Scotiabank raised their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

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.