Pan American Silver Corp. $PAAS is O Domhnaill Enterprises Inc.’s 8th Largest Position

O Domhnaill Enterprises Inc. cut its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 16.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,799 shares of the basic materials company’s stock after selling 15,800 shares during the period. Pan American Silver accounts for about 3.4% of O Domhnaill Enterprises Inc.’s holdings, making the stock its 8th biggest position. O Domhnaill Enterprises Inc.’s holdings in Pan American Silver were worth $4,250,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Parallel Advisors LLC boosted its stake in shares of Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Pan American Silver in the fourth quarter valued at $34,000. Laurel Wealth Advisors LLC acquired a new stake in Pan American Silver during the 4th quarter valued at $41,000. Harbor Investment Advisory LLC acquired a new position in shares of Pan American Silver in the 1st quarter valued at about $44,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Pan American Silver by 173.3% during the 4th quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock valued at $42,000 after buying an additional 520 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Down 2.3%

PAAS stock traded down $1.02 during midday trading on Tuesday, reaching $44.00. 1,500,205 shares of the company were exchanged, compared to its average volume of 6,778,746. The company has a market cap of $18.48 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 0.38 and a beta of 0.72. Pan American Silver Corp. has a 1-year low of $26.76 and a 1-year high of $69.99. The stock’s 50-day simple moving average is $51.88 and its 200 day simple moving average is $55.07. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, beating 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 $1.33 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 49.3% on a year-over-year basis. On average, equities analysts forecast that Pan American Silver Corp. will post 4.47 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. Pan American Silver’s dividend payout ratio is presently 23.15%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TD Securities raised 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. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Pan American Silver in a report on Tuesday, April 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, May 12th. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and upped their price target for the stock from $67.00 to $72.00 in a research report on Tuesday, May 12th. Finally, Jefferies Financial Group lowered their price target on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a report on Monday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus price target of $67.86.

Pan American Silver Company 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.