Van ECK Associates Corp Has $2.05 Billion Position in Pan American Silver Corp. $PAAS

Van ECK Associates Corp lessened its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 12.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 39,582,900 shares of the basic materials company’s stock after selling 5,559,160 shares during the period. Pan American Silver accounts for about 1.7% of Van ECK Associates Corp’s portfolio, making the stock its 11th largest position. Van ECK Associates Corp owned 9.38% of Pan American Silver worth $2,050,801,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Pan American Silver by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock worth $905,513,000 after purchasing an additional 274,168 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 valued at $560,149,000 after acquiring an additional 4,037,311 shares during the last quarter. Invesco Ltd. boosted its holdings in Pan American Silver by 9.8% in the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock valued at $383,365,000 after acquiring an additional 882,135 shares during the last quarter. Norges Bank bought a new position in Pan American Silver in the fourth quarter valued at about $303,611,000. Finally, First Eagle Investment Management LLC bought a new position in Pan American Silver in the third quarter valued at about $178,004,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Up 3.6%

PAAS stock opened at $48.22 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $55.03 and a two-hundred day moving average price of $54.82. The company has a market cap of $20.32 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 0.37 and a beta of 0.67. Pan American Silver Corp. has a twelve month low of $26.76 and a twelve month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its 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. 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 return on equity of 19.50% and a net margin of 31.66%.The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 EPS. Analysts anticipate that Pan American Silver Corp. will post 4.65 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 annualized dividend and a yield of 1.5%. Pan American Silver’s payout ratio is currently 23.15%.

Wall Street Analysts Forecast Growth

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

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.