Monaco Asset Management SAM Cuts Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Monaco Asset Management SAM lowered its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 275,000 shares of the basic materials company’s stock after selling 10,000 shares during the period. Pan American Silver makes up approximately 0.8% of Monaco Asset Management SAM’s holdings, making the stock its 12th largest holding. Monaco Asset Management SAM owned about 0.08% of Pan American Silver worth $5,560,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. LBP AM SA increased its stake in shares of Pan American Silver by 9.3% in the fourth quarter. LBP AM SA now owns 91,218 shares of the basic materials company’s stock worth $1,844,000 after buying an additional 7,746 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Pan American Silver by 135.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,062,315 shares of the basic materials company’s stock worth $21,463,000 after acquiring an additional 611,545 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of Pan American Silver in the fourth quarter valued at about $24,083,000. Farther Finance Advisors LLC raised its stake in shares of Pan American Silver by 164.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 1,209 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Pan American Silver by 10.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 180,197 shares of the basic materials company’s stock valued at $3,644,000 after acquiring an additional 17,352 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Up 1.3 %

PAAS opened at $25.58 on Friday. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 52 week low of $13.52 and a 52 week high of $26.25. The stock has a market cap of $9.26 billion, a PE ratio of 79.92 and a beta of 1.25. The business has a 50 day moving average of $23.28 and a 200-day moving average of $22.32.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. Equities research analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, March 3rd. Pan American Silver’s dividend payout ratio is 125.00%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PAAS. TD Securities downgraded Pan American Silver from a “buy” rating to a “hold” rating and reduced their price target for the company from $28.00 to $27.00 in a report on Tuesday. Royal Bank of Canada boosted their target price on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Finally, Scotiabank lifted their price target on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.92.

Pan American Silver Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.