Steadtrust LLC Has $6.98 Million Stake in Pan American Silver Corp. $PAAS

Steadtrust LLC lowered its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,800 shares of the basic materials company’s stock after selling 14,110 shares during the quarter. Pan American Silver makes up about 4.3% of Steadtrust LLC’s portfolio, making the stock its 5th biggest position. Steadtrust LLC’s holdings in Pan American Silver were worth $6,984,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PAAS. XTX Topco Ltd lifted its stake in Pan American Silver by 123.9% in the second quarter. XTX Topco Ltd now owns 52,331 shares of the basic materials company’s stock worth $1,486,000 after acquiring an additional 28,963 shares during the period. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Pan American Silver by 176.9% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 114,780 shares of the basic materials company’s stock valued at $4,445,000 after purchasing an additional 73,326 shares in the last quarter. J. Safra Sarasin Holding AG increased its holdings in Pan American Silver by 117.9% during the third quarter. J. Safra Sarasin Holding AG now owns 43,946 shares of the basic materials company’s stock valued at $1,702,000 after buying an additional 23,780 shares during the period. Hollencrest Capital Management lifted its holdings in Pan American Silver by 214.3% during the third quarter. Hollencrest Capital Management now owns 121,633 shares of the basic materials company’s stock worth $4,711,000 after buying an additional 82,932 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its position in Pan American Silver by 363.2% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 151,801 shares of the basic materials company’s stock valued at $5,879,000 after acquiring an additional 119,028 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Down 3.2%

Shares of PAAS stock opened at $46.80 on Monday. Pan American Silver Corp. has a fifty-two week low of $20.55 and a fifty-two week high of $69.99. The firm has a market capitalization of $19.74 billion, a PE ratio of 18.72, a P/E/G ratio of 0.43 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.69. The stock’s 50-day simple moving average is $59.03 and its 200-day simple moving average is $47.84.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Pan American Silver’s revenue for the quarter was up 44.7% on a year-over-year basis. Equities analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.18 per share. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, March 2nd. Pan American Silver’s dividend payout ratio is presently 28.80%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PAAS shares. Jefferies Financial Group decreased their price objective on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Bank of America raised their target price on shares of Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Finally, Canadian Imperial Bank of Commerce set a $88.00 price target on Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $56.60.

Pan American Silver Company 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.