RFG Advisory LLC Lowers Stock Position in Pan American Silver Corp. $PAAS

RFG Advisory LLC trimmed its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 86.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,540 shares of the basic materials company’s stock after selling 46,565 shares during the period. RFG Advisory LLC’s holdings in Pan American Silver were worth $391,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 387 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Pan American Silver during the third quarter worth about $36,000. EverSource Wealth Advisors LLC raised its holdings in shares of Pan American Silver by 93.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 497 shares during the period. Laurel Wealth Advisors LLC purchased a new position in shares of Pan American Silver in the 4th quarter worth about $41,000. Finally, Assetmark Inc. lifted its stake in shares of Pan American Silver by 3,111.4% in the 3rd quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 1,089 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Performance

Shares of NYSE:PAAS opened at $59.18 on Monday. The business’s 50-day simple moving average is $56.47 and its 200 day simple moving average is $51.68. The company has a market cap of $24.94 billion, a P/E ratio of 19.03, a PEG ratio of 0.49 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. Pan American Silver Corp. has a one year low of $22.08 and a one year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. Pan American Silver’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. On average, sell-side analysts forecast that Pan American Silver Corp. will post 4.45 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is presently 23.15%.

Wall Street Analyst Weigh In

PAAS has been the subject of a number of research reports. Scotiabank boosted their target price on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Pan American Silver in a research report on Tuesday, April 28th. Canadian Imperial Bank of Commerce set a $88.00 price objective on shares of Pan American Silver and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.67.

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.