Pan American Silver Corp. $PAAS Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC cut its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 46.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,994 shares of the basic materials company’s stock after selling 52,786 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Pan American Silver were worth $3,212,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PAAS. Van ECK Associates Corp lifted its holdings in Pan American Silver by 51.8% during the 3rd quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock worth $1,748,355,000 after buying an additional 15,405,762 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in Pan American Silver during the 3rd quarter worth approximately $178,004,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Pan American Silver by 38.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock worth $560,149,000 after buying an additional 4,037,311 shares in the last quarter. Vanguard Group Inc. lifted its holdings 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 buying an additional 3,006,055 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Pan American Silver by 148.3% during the 2nd quarter. Bank of America Corp DE now owns 3,368,233 shares of the basic materials company’s stock worth $95,658,000 after buying an additional 2,011,862 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $53.34 on Thursday. The company’s fifty day moving average price is $55.17 and its 200 day moving average price is $53.83. Pan American Silver Corp. has a 12 month low of $23.88 and a 12 month high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. The firm has a market capitalization of $22.47 billion, a P/E ratio of 17.15, a P/E/G ratio of 0.44 and a beta of 0.65.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the business earned $0.42 EPS. Pan American Silver’s revenue for the quarter was up 49.3% compared to the same quarter last year. As a group, sell-side analysts predict that Pan American Silver Corp. will post 4.65 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is currently 23.15%.

Wall Street Analysts Forecast Growth

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

Pan American Silver 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.