Dynamic Technology Lab Private Ltd Decreases Stock Position in Pan American Silver Corp. $PAAS

Key Points

• Dynamic Technology Lab cut its stake in Pan American Silver by 62.2%, selling 29,017 shares and leaving it with 17,634 shares worth about $683,000 as of the latest 13F filing.
• Q4 results beat expectations: Pan American Silver reported $1.11 EPS vs. $0.90 expected and revenue of $1.18B (up 44.7% YoY), and it raised its quarterly dividend to $0.18 (annualized $0.72, 1.2% yield).
• Analyst coverage is mixed but generally positive — the stock has an average rating of "Moderate Buy" with an average price target of $56.60, while some firms have higher targets (Scotiabank $64, CIBC $88).

Dynamic Technology Lab Private Ltd lessened its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 62.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,634 shares of the basic materials company's stock after selling 29,017 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Pan American Silver were worth $683,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PAAS. Parallel Advisors LLC increased its stake in Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company's stock worth $25,000 after purchasing an additional 387 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Pan American Silver during the third quarter valued at approximately $36,000. City State Bank boosted its stake in shares of Pan American Silver by 74.4% during the third quarter. City State Bank now owns 1,020 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 435 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company's stock worth $40,000 after purchasing an additional 497 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Pan American Silver by 3,111.4% in the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company's stock worth $44,000 after purchasing an additional 1,089 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $60.63 on Tuesday. The firm has a market capitalization of $25.58 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 0.55 and a beta of 0.61. The stock has a fifty day moving average of $58.61 and a 200 day moving average of $46.45. Pan American Silver Corp. has a 52 week low of $20.55 and a 52 week high of $69.99. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm earned $0.35 EPS. The company's quarterly revenue was up 44.7% compared to the same quarter last year. As a group, research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be given a dividend of $0.18 per share. This is an increase from Pan American Silver's previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, March 2nd. Pan American Silver's dividend payout ratio is presently 28.80%.

Analysts Set New Price Targets

A number of research firms recently commented on PAAS. Scotiabank upped their price target on shares of Pan American Silver from $47.00 to $64.00 and gave the company an "outperform" rating in a report on Monday, January 26th. Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the stock an "outperform" rating in a report on Wednesday, February 4th. Zacks Research cut shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 31st. Jefferies Financial Group lowered their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a "hold" rating for the company in a research note on Wednesday, January 21st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Pan American Silver in a research note on Monday, December 29th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $56.60.

About Pan American Silver

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.

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