MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $163.16 Million Stake in Pan American Silver Corp. (NYSE:PAAS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,069,382 shares of the basic materials company’s stock after selling 452,722 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Pan American Silver were worth $163,163,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PAAS. Signaturefd LLC lifted its position in Pan American Silver by 6.0% during the 4th quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company’s stock valued at $160,000 after purchasing an additional 451 shares during the period. US Bancorp DE grew its holdings in Pan American Silver by 9.6% during the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company’s stock worth $124,000 after acquiring an additional 539 shares during the period. Jones Financial Companies Lllp grew its holdings in Pan American Silver by 23.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 549 shares during the period. Principal Securities Inc. lifted its stake in Pan American Silver by 12.5% in the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company’s stock valued at $121,000 after buying an additional 664 shares during the period. Finally, Evergreen Capital Management LLC lifted its stake in Pan American Silver by 2.4% in the fourth quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company’s stock valued at $611,000 after buying an additional 715 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Up 6.5%

PAAS stock opened at $27.20 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $28.60. The stock has a market capitalization of $9.85 billion, a P/E ratio of 85.00 and a beta of 0.75. The business has a 50-day moving average of $25.31 and a 200-day moving average of $23.55.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.23. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $696.62 million. During the same period last year, the company earned $0.01 earnings per share. The firm’s revenue was up 28.6% compared to the same quarter last year. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. Pan American Silver’s dividend payout ratio is 125.00%.

Analysts Set New Price Targets

Several analysts recently commented on the company. CIBC raised their price objective on Pan American Silver from $38.00 to $42.00 and gave the stock an “outperformer” rating in a research note on Thursday. BMO Capital Markets began coverage on Pan American Silver in a research note on Wednesday, April 16th. They set a “market perform” rating on the stock. TD Securities lowered Pan American Silver from a “buy” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Scotiabank reiterated a “sector perform” rating on shares of Pan American Silver in a research report on Monday, April 14th. Finally, National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $29.67.

Pan American Silver Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.