Barings LLC Reduces Stock Holdings in Pan American Silver Corp. $PAAS

Barings LLC lowered its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 17.5% in the fourth quarter, HoldingsChannel reports. The firm owned 138,681 shares of the basic materials company’s stock after selling 29,477 shares during the period. Barings LLC’s holdings in Pan American Silver were worth $7,185,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PAAS. Van ECK Associates Corp grew its holdings in shares of Pan American Silver by 51.8% in the third quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock valued at $1,748,355,000 after purchasing an additional 15,405,762 shares during the period. Norges Bank purchased a new stake in shares of Pan American Silver in the fourth quarter valued at about $303,611,000. First Eagle Investment Management LLC purchased a new position in Pan American Silver in the third quarter worth approximately $178,004,000. Capital International Investors purchased a new position in Pan American Silver in the fourth quarter worth approximately $215,484,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Pan American Silver by 38.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock worth $560,149,000 after acquiring an additional 4,037,311 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, May 12th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 price objective on shares of Pan American Silver in a research report on Tuesday, April 28th. TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Monday, May 11th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Pan American Silver Trading Up 5.3%

Shares of PAAS stock opened at $46.51 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. The firm has a market cap of $19.60 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 0.35 and a beta of 0.67. The company has a 50-day moving average of $55.17 and a two-hundred day moving average of $54.87. Pan American Silver Corp. has a 1-year low of $26.76 and a 1-year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the business posted $0.42 earnings per share. The company’s quarterly revenue was up 49.3% on a year-over-year basis. On average, analysts predict that Pan American Silver Corp. will post 4.65 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is currently 23.15%.

About Pan American Silver

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.