Pan American Silver Corp. $PAAS Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 52.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,353 shares of the basic materials company’s stock after selling 13,686 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Pan American Silver were worth $562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PAAS. International Assets Investment Management LLC grew its position in Pan American Silver by 706.1% in the 3rd quarter. International Assets Investment Management LLC now owns 80,897 shares of the basic materials company’s stock worth $3,682,000 after purchasing an additional 70,861 shares during the period. VestGen Advisors LLC lifted its holdings in shares of Pan American Silver by 16.0% during the 3rd quarter. VestGen Advisors LLC now owns 30,846 shares of the basic materials company’s stock valued at $1,404,000 after buying an additional 4,264 shares during the period. Latitude Advisors LLC bought a new position in shares of Pan American Silver during the 3rd quarter valued at $33,000. Schwartz Investment Counsel Inc. boosted its stake in shares of Pan American Silver by 60.0% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 40,000 shares of the basic materials company’s stock worth $1,820,000 after buying an additional 15,000 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Pan American Silver by 4.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 149,038 shares of the basic materials company’s stock worth $6,783,000 after buying an additional 5,744 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Zacks Research raised Pan American Silver from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Royal Bank Of Canada lowered their target price on Pan American Silver from $65.00 to $56.00 and set an “outperform” rating on the stock in a report on Wednesday, September 16th. BMO Capital Markets reissued a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Finally, Wall Street Zen cut Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.71.

Pan American Silver Stock Performance

Shares of NYSE PAAS opened at $41.22 on Monday. The firm has a 50 day moving average of $45.90 and a 200 day moving average of $51.43. The company has a current ratio of 2.72, a quick ratio of 2.03 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 4.62 and a beta of 0.76. Pan American Silver Corp. has a 12-month low of $33.62 and a 12-month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. Pan American Silver had a net margin of 35.18% and a return on equity of 20.94%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm earned $0.48 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. On average, research analysts anticipate that Pan American Silver Corp. will post 3.34 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Monday, November 16th will be given a dividend of $0.1850 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.1840. Pan American Silver’s payout ratio is presently 19.84%.

Pan American Silver Profile

Pan American Silver Corp. is a mining company focused on the exploration, development and operation of silver and gold mines. Its products also include by-products such as zinc, lead and copper, which are recovered during mining and processing.

Founded in 1994 and headquartered in Vancouver, British Columbia, the company operates mines and holds exploration and development interests in Canada and Latin America. Its portfolio has expanded over time through acquisitions, including its 2023 acquisition of Yamana Gold’s Canadian assets and interests in several mines in Latin America.

Pan American Silver’s activities span the mining lifecycle, from mineral exploration and project development to ore processing and the sale of produced metals.