Hussman Strategic Advisors Inc. Has $1.19 Million Position in Pan American Silver Corp. $PAAS

Key Points

• Hussman Strategic Advisors trimmed its Pan American Silver stake by 60% in Q3, selling 45,900 shares and finishing the quarter with 30,600 shares valued at about $1.19 million.
• Analyst views are mixed but the consensus is a "Moderate Buy" with a $47.83 target; recent notes range from Jefferies cutting its target to $54 to Scotiabank raising its objective to $64.
• Pan American Silver trades near its 1-year high (opened at $65.82), has a $27.77 billion market cap and a P/E of 38.05, and recently increased its quarterly dividend to $0.14 (annualized $0.56, ~0.9% yield).

Hussman Strategic Advisors Inc. trimmed its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 60.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,600 shares of the basic materials company's stock after selling 45,900 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Pan American Silver were worth $1,185,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PAAS. Truist Financial Corp increased its stake in Pan American Silver by 0.9% in the third quarter. Truist Financial Corp now owns 50,796 shares of the basic materials company's stock valued at $1,967,000 after purchasing an additional 436 shares in the last quarter. J. Safra Sarasin Holding AG increased its position in shares of Pan American Silver by 117.9% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 43,946 shares of the basic materials company's stock valued at $1,702,000 after buying an additional 23,780 shares in the last quarter. Alta Wealth Advisors LLC acquired a new stake in Pan American Silver during the 3rd quarter worth $309,000. Chilton Capital Management LLC raised its stake in Pan American Silver by 195.9% during the 3rd quarter. Chilton Capital Management LLC now owns 5,474 shares of the basic materials company's stock worth $212,000 after buying an additional 3,624 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Pan American Silver by 52.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 17,073 shares of the basic materials company's stock worth $661,000 after acquiring an additional 5,859 shares in the last quarter. Institutional investors own 55.43% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PAAS. Weiss Ratings reissued a "buy (b)" rating on shares of Pan American Silver in a research note on Monday, December 29th. Jefferies Financial Group reduced their price target on shares of Pan American Silver from $58.00 to $54.00 and set a "hold" rating for the company in a report on Wednesday, January 21st. Zacks Research downgraded shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 31st. Scotiabank boosted their price objective on shares of Pan American Silver from $47.00 to $64.00 and gave the company an "outperform" rating in a research report on Monday. Finally, CIBC upped their target price on shares of Pan American Silver from $50.00 to $62.00 and gave the stock an "outperformer" rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.83.

Pan American Silver Stock Up 2.3%

Pan American Silver stock opened at $65.82 on Thursday. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12. Pan American Silver Corp. has a 1-year low of $20.55 and a 1-year high of $69.99. The company has a fifty day simple moving average of $51.35 and a 200 day simple moving average of $40.40. The company has a market cap of $27.77 billion, a P/E ratio of 38.05, a price-to-earnings-growth ratio of 0.70 and a beta of 0.67.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). The business had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The company's quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 earnings per share. Research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.9%. This is a boost from Pan American Silver's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, November 24th. Pan American Silver's payout ratio is currently 32.37%.

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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