Pan American Silver Corp. $PAAS Holdings Trimmed by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 16.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,055 shares of the basic materials company’s stock after selling 14,708 shares during the period. Vontobel Holding Ltd.’s holdings in Pan American Silver were worth $2,868,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PAAS. Net Worth Advisory Group acquired a new stake in Pan American Silver in the 3rd quarter valued at about $369,000. Wealth Alliance Advisory Group LLC bought a new stake in shares of Pan American Silver in the 3rd quarter worth approximately $254,000. Farther Finance Advisors LLC raised its holdings in shares of Pan American Silver by 42.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,360 shares of the basic materials company’s stock worth $208,000 after purchasing an additional 1,606 shares in the last quarter. Voya Investment Management LLC lifted its stake in Pan American Silver by 17.2% during the third quarter. Voya Investment Management LLC now owns 9,764 shares of the basic materials company’s stock valued at $378,000 after purchasing an additional 1,431 shares during the last quarter. Finally, Dakota Community Bank & Trust NA bought a new stake in Pan American Silver during the third quarter worth approximately $66,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Price Performance

PAAS opened at $55.47 on Friday. The stock has a fifty day moving average of $42.05 and a 200-day moving average of $35.91. The firm has a market capitalization of $23.41 billion, a P/E ratio of 32.07, a PEG ratio of 0.51 and a beta of 0.72. Pan American Silver Corp. has a 12-month low of $19.80 and a 12-month high of $55.85. The company has a quick ratio of 1.55, a current ratio of 2.31 and a debt-to-equity ratio of 0.12.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The business had revenue of $854.60 million for the quarter, compared to analysts’ expectations of $867.76 million. Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. Equities analysts forecast that Pan American Silver Corp. will post 1.26 EPS 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. Shareholders of record on Monday, November 24th were paid a dividend of $0.14 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.56 annualized dividend and a yield of 1.0%. Pan American Silver’s dividend payout ratio (DPR) is presently 32.37%.

Wall Street Analyst Weigh In

PAAS has been the topic of several recent research reports. Wall Street Zen lowered shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Jefferies Financial Group restated a “hold” rating and issued a $50.00 target price on shares of Pan American Silver in a report on Sunday, December 7th. Zacks Research raised Pan American Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. Finally, Scotiabank lifted their price target on Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.33.

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.