Tocqueville Asset Management L.P. lowered its position in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,401,526 shares of the basic materials company’s stock after selling 14,000 shares during the quarter. Pan American Silver comprises 0.8% of Tocqueville Asset Management L.P.’s investment portfolio, making the stock its 22nd biggest holding. Tocqueville Asset Management L.P. owned about 2.87% of Pan American Silver worth $58,320,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of Pan American Silver by 25.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 941,742 shares of the basic materials company’s stock valued at $13,900,000 after buying an additional 188,475 shares during the period. JPMorgan Chase & Co. grew its position in shares of Pan American Silver by 465.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 200,163 shares of the basic materials company’s stock worth $2,955,000 after acquiring an additional 164,783 shares in the last quarter. Man Group plc acquired a new position in shares of Pan American Silver in the 3rd quarter worth approximately $646,000. Neuberger Berman Group LLC acquired a new position in shares of Pan American Silver in the 3rd quarter worth approximately $166,000. Finally, Morgan Stanley grew its position in shares of Pan American Silver by 143.0% in the 3rd quarter. Morgan Stanley now owns 2,741,507 shares of the basic materials company’s stock worth $40,465,000 after acquiring an additional 1,613,344 shares in the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ PAAS traded up $0.16 on Friday, reaching $10.49. The stock had a trading volume of 1,996,100 shares, compared to its average volume of 2,030,098. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.83 and a quick ratio of 2.74. Pan American Silver Corp. has a 1 year low of $10.29 and a 1 year high of $18.67. The company has a market capitalization of $1.59 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 11.32 and a beta of -0.15.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $232.60 million during the quarter, compared to the consensus estimate of $240.67 million. Pan American Silver had a positive return on equity of 2.11% and a negative net margin of 0.34%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 EPS. On average, equities analysts anticipate that Pan American Silver Corp. will post 0.24 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Tuesday, May 21st will be paid a dividend of $0.035 per share. The ex-dividend date is Monday, May 20th. This represents a $0.14 annualized dividend and a dividend yield of 1.33%. Pan American Silver’s dividend payout ratio (DPR) is presently 35.90%.
Several research analysts have recently commented on PAAS shares. Canaccord Genuity reiterated a “buy” rating and issued a $21.00 target price on shares of Pan American Silver in a research report on Friday, February 22nd. B. Riley restated a “neutral” rating and set a $12.50 price objective (down previously from $22.00) on shares of Pan American Silver in a research report on Friday, March 1st. BidaskClub lowered Pan American Silver from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 4th. TheStreet downgraded Pan American Silver from a “b-” rating to a “c” rating in a research note on Friday, February 22nd. Finally, Zacks Investment Research downgraded Pan American Silver from a “hold” rating to a “sell” rating in a research note on Saturday, March 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Pan American Silver currently has an average rating of “Hold” and a consensus price target of $16.97.
Pan American Silver Profile
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.
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