Ruffer LLP Sells 11,578 Shares of Pan American Silver Corp. $PAAS

Ruffer LLP lessened its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 901,751 shares of the basic materials company’s stock after selling 11,578 shares during the quarter. Pan American Silver accounts for approximately 1.9% of Ruffer LLP’s holdings, making the stock its 18th biggest holding. Ruffer LLP’s holdings in Pan American Silver were worth $34,925,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. City State Bank increased its stake 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 valued at $40,000 after acquiring an additional 435 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Pan American Silver by 53.6% in 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 period. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Pan American Silver in the 2nd quarter worth approximately $51,000. Kiker Wealth Management LLC lifted its position in shares of Pan American Silver by 42.4% during the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock worth $57,000 after buying an additional 600 shares during the period. Finally, Wolverine Asset Management LLC acquired a new stake in Pan American Silver in the 3rd quarter valued at $58,000. 55.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Scotiabank upped their price target on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Wall Street Zen raised shares of Pan American Silver from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Finally, Bank of America boosted their target price on Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, December 1st. 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’s stock. According to data from MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

Pan American Silver Trading Up 2.3%

Shares of NYSE PAAS opened at $65.82 on Thursday. Pan American Silver Corp. has a 1-year low of $20.55 and a 1-year high of $69.99. The company has a 50-day moving average of $51.35 and a two-hundred day moving average of $40.40. The company has a market cap of $27.77 billion, a PE ratio of 38.05, a P/E/G ratio of 0.70 and a beta of 0.67. The company has a current ratio of 2.31, a quick ratio of 1.55 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). Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The company had revenue of $854.60 million during the quarter, compared to analyst estimates of $867.76 million. During the same period in the prior year, the business earned $0.32 EPS. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

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

Pan American Silver 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.