NFJ Investment Group LLC Sells 59,894 Shares of Pan American Silver Corp. $PAAS

NFJ Investment Group LLC lowered its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 19.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 241,052 shares of the basic materials company’s stock after selling 59,894 shares during the period. NFJ Investment Group LLC’s holdings in Pan American Silver were worth $12,489,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Pan American Silver in the 3rd quarter valued at about $1,074,000. Vanguard Group Inc. grew its position in shares of Pan American Silver by 21.2% in the 3rd quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock valued at $666,192,000 after buying an additional 3,006,055 shares during the last quarter. TD Asset Management Inc grew its position in shares of Pan American Silver by 13.9% in the 3rd quarter. TD Asset Management Inc now owns 2,251,564 shares of the basic materials company’s stock valued at $87,270,000 after buying an additional 274,591 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Pan American Silver in the 3rd quarter valued at about $178,004,000. Finally, RWA Wealth Partners LLC bought a new stake in shares of Pan American Silver in the 3rd quarter valued at about $570,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Up 3.6%

Shares of Pan American Silver stock opened at $48.22 on Friday. Pan American Silver Corp. has a one year low of $26.76 and a one year high of $69.99. 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 stock’s 50-day moving average is $55.03 and its 200 day moving average is $54.82. The firm has a market cap of $20.32 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.38 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, beating 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 company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company earned $0.42 EPS. The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. Equities research analysts anticipate that Pan American Silver Corp. will post 4.65 EPS for the current year.

Pan American Silver Announces Dividend

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

Analysts Set New Price Targets

PAAS has been the topic of a number of analyst reports. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 price target 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 target on the stock in a research report on Monday, May 11th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and upped their price target for the company from $67.00 to $72.00 in a research report on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

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.