Cardinal Point Capital Management ULC Has $567,000 Stock Holdings in Pan American Silver Corp. $PAAS

Cardinal Point Capital Management ULC trimmed its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 57.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 10,379 shares of the basic materials company’s stock after selling 14,037 shares during the quarter. Cardinal Point Capital Management ULC’s holdings in Pan American Silver were worth $567,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Veracity Capital LLC boosted its holdings in Pan American Silver by 1.9% in the fourth quarter. Veracity Capital LLC now owns 9,868 shares of the basic materials company’s stock worth $511,000 after acquiring an additional 185 shares in the last quarter. RFG Advisory LLC increased its holdings in shares of Pan American Silver by 2.5% during the first quarter. RFG Advisory LLC now owns 7,731 shares of the basic materials company’s stock valued at $422,000 after acquiring an additional 191 shares in the last quarter. Metis Global Partners LLC raised its position in shares of Pan American Silver by 1.5% during the fourth quarter. Metis Global Partners LLC now owns 16,646 shares of the basic materials company’s stock worth $863,000 after purchasing an additional 239 shares during the period. Ieq Capital LLC raised its position in shares of Pan American Silver by 2.3% during the fourth quarter. Ieq Capital LLC now owns 11,329 shares of the basic materials company’s stock worth $587,000 after purchasing an additional 259 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of Pan American Silver by 4.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,507 shares of the basic materials company’s stock worth $337,000 after purchasing an additional 262 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $44.95 on Friday. 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 50-day moving average of $53.52 and a 200-day moving average of $55.23. Pan American Silver Corp. has a one year low of $26.76 and a one year high of $69.99. The company has a market cap of $18.94 billion, a P/E ratio of 14.45, a P/E/G ratio of 0.35 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share 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 business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. Equities research analysts forecast that Pan American Silver Corp. will post 4.66 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders 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 1.6%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s payout ratio is presently 23.15%.

Analyst Ratings Changes

Several research firms recently issued reports on PAAS. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and lifted their price target for the company from $67.00 to $72.00 in a research 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. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a report on Tuesday, April 28th. Finally, TD Securities raised shares of 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 investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently 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.