Pine Valley Investments Ltd Liability Co Has $4.24 Million Stock Holdings in Pan American Silver Corp. $PAAS

Pine Valley Investments Ltd Liability Co reduced its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 19.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,539 shares of the basic materials company’s stock after selling 18,456 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Pan American Silver were worth $4,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in shares of Pan American Silver by 48.6% during the first quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock valued at $504,000 after purchasing an additional 6,391 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Pan American Silver by 574.9% in the 1st quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock valued at $504,000 after buying an additional 16,626 shares during the period. Goldman Sachs Group Inc. increased its position in Pan American Silver by 31.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock valued at $38,728,000 after buying an additional 360,283 shares in the last quarter. Empowered Funds LLC bought a new stake in Pan American Silver in the 1st quarter valued at about $1,272,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after buying an additional 594 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Down 0.1%

Shares of NYSE:PAAS opened at $43.08 on Monday. Pan American Silver Corp. has a 1 year low of $26.76 and a 1 year high of $69.99. The company has a market capitalization of $17.97 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 3.70 and a beta of 0.73. The business has a fifty day moving average price of $46.98 and a two-hundred day moving average price of $53.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The business’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 business posted $0.42 EPS. Analysts forecast that Pan American Silver Corp. will post 4.15 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s payout ratio is presently 23.15%.

Analyst Ratings Changes

A number of research firms recently weighed in on PAAS. Weiss Ratings lowered shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Monday, May 11th. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and raised their target price for the company from $67.00 to $72.00 in a report on Tuesday, May 12th. Finally, Bank of America lowered their price target on Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.43.

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.