Evergreen Quality Fund GP Ltd. Has $83.93 Million Stock Holdings in Pan American Silver Corp. $PAAS

Evergreen Quality Fund GP Ltd. decreased its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 18.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,620,000 shares of the basic materials company’s stock after selling 375,200 shares during the period. Pan American Silver makes up about 1.7% of Evergreen Quality Fund GP Ltd.’s portfolio, making the stock its 16th biggest position. Evergreen Quality Fund GP Ltd. owned about 0.38% of Pan American Silver worth $83,932,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Pan American Silver in the third quarter worth about $1,074,000. Vanguard Group Inc. increased its position in Pan American Silver by 21.2% during the 3rd quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock worth $666,192,000 after purchasing an additional 3,006,055 shares in the last quarter. TD Asset Management Inc lifted its stake in 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 purchasing an additional 274,591 shares during the last quarter. First Eagle Investment Management LLC bought a new position in Pan American Silver in the 3rd quarter valued at approximately $178,004,000. Finally, RWA Wealth Partners LLC acquired a new stake in Pan American Silver in the third quarter valued at approximately $570,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analysts Set New Price Targets

PAAS has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, May 12th. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and upped their target price for the stock from $67.00 to $72.00 in a report on Tuesday, May 12th. Finally, TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Monday, May 11th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.00.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $50.44 on Thursday. The firm has a market cap of $21.25 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 0.41 and a beta of 0.67. The firm’s fifty day moving average is $54.74 and its 200-day moving average is $55.13. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. Pan American Silver Corp. has a 52 week low of $26.76 and a 52 week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. The business 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%.Pan American Silver’s quarterly revenue was up 49.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share. Sell-side analysts predict that Pan American Silver Corp. will post 4.65 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s payout ratio is currently 23.15%.

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.