Privium Fund Management B.V. Sells 5,200 Shares of Pan American Silver Corp. (NYSE:PAAS)

Privium Fund Management B.V. cut its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 19.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,284 shares of the basic materials company’s stock after selling 5,200 shares during the quarter. Privium Fund Management B.V.’s holdings in Pan American Silver were worth $430,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Boston Partners purchased a new position in Pan American Silver in the fourth quarter worth about $561,000. Cadence Wealth Management LLC increased its position in shares of Pan American Silver by 3.2% during the fourth quarter. Cadence Wealth Management LLC now owns 39,788 shares of the basic materials company’s stock valued at $805,000 after acquiring an additional 1,229 shares in the last quarter. Signaturefd LLC raised its holdings in Pan American Silver by 6.0% in the 4th quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company’s stock worth $160,000 after acquiring an additional 451 shares during the last quarter. LBP AM SA lifted its position in Pan American Silver by 9.3% in the 4th quarter. LBP AM SA now owns 91,218 shares of the basic materials company’s stock valued at $1,844,000 after acquiring an additional 7,746 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Pan American Silver by 135.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,062,315 shares of the basic materials company’s stock valued at $21,463,000 after purchasing an additional 611,545 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 0.4 %

PAAS stock opened at $26.61 on Wednesday. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 83.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The business’s 50-day moving average is $23.69 and its two-hundred day moving average is $22.48. Pan American Silver Corp. has a fifty-two week low of $13.52 and a fifty-two week high of $27.47.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $815.10 million for the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. As a group, analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.50%. Pan American Silver’s dividend payout ratio (DPR) is 125.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Scotiabank lifted their price objective on Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Tuesday, February 25th. Royal Bank of Canada upped their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, TD Securities lowered shares of Pan American Silver from a “buy” rating to a “hold” rating and reduced their price target for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.92.

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.