Pan American Silver Corp. (NYSE:PAAS) Holdings Increased by Evergreen Capital Management LLC

Evergreen Capital Management LLC increased its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 2.4% in the 4th quarter, HoldingsChannel reports. The fund owned 30,203 shares of the basic materials company’s stock after acquiring an additional 715 shares during the period. Evergreen Capital Management LLC’s holdings in Pan American Silver were worth $611,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Comprehensive Financial Planning Inc. PA bought a new position in Pan American Silver during the 4th quarter valued at $27,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver in the fourth quarter valued at $30,000. Decker Retirement Planning Inc. bought a new position in Pan American Silver during the fourth quarter valued at about $32,000. Wilmington Savings Fund Society FSB acquired a new position in Pan American Silver during the third quarter worth about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Pan American Silver in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. National Bankshares reaffirmed an “outperform” rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. BMO Capital Markets initiated coverage on shares of Pan American Silver in a research report on Wednesday. They issued a “market perform” rating on the stock. Royal Bank of Canada increased their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. TD Securities cut Pan American Silver from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Pan American Silver in a report on Monday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.50.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $27.20 on Friday. The stock has a market cap of $9.85 billion, a PE ratio of 85.00 and a beta of 1.06. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $28.60. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $25.05 and a 200-day simple moving average of $23.27.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $815.10 million for the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. On average, sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.47%. Pan American Silver’s dividend payout ratio is presently 125.00%.

About Pan American Silver

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.