Knights of Columbus Asset Advisors LLC Reduces Holdings in Pan American Silver Corp. $PAAS

Key Points

• Knights of Columbus Asset Advisors LLC cut its Pan American Silver stake by 46% in the fourth quarter, selling 52,786 shares and leaving it with 61,994 shares worth about $3.21 million.
• Other institutional investors also made modest adjustments, and overall hedge funds and institutions own 55.43% of Pan American Silver’s stock.
• Analysts remain generally positive: the stock has an average “Moderate Buy” rating with a $68 average price target, while the company also recently reported quarterly EPS above expectations and announced a $0.18 per share dividend.

Knights of Columbus Asset Advisors LLC decreased its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 46.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,994 shares of the basic materials company's stock after selling 52,786 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Pan American Silver were worth $3,212,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Veracity Capital LLC grew its stake in shares of Pan American Silver by 1.9% in the 4th quarter. Veracity Capital LLC now owns 9,868 shares of the basic materials company's stock valued at $511,000 after buying an additional 185 shares during the period. Linden Thomas Advisory Services LLC grew its stake 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 valued at $337,000 after buying an additional 262 shares during the period. Harvest Portfolios Group Inc. grew its stake in shares of Pan American Silver by 0.9% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 36,240 shares of the basic materials company's stock valued at $1,404,000 after buying an additional 318 shares during the period. CoreCap Advisors LLC grew its stake in shares of Pan American Silver by 7.9% in the 4th quarter. CoreCap Advisors LLC now owns 4,535 shares of the basic materials company's stock valued at $235,000 after buying an additional 331 shares during the period. Finally, Alta Wealth Advisors LLC grew its stake in shares of Pan American Silver by 4.7% in the 4th quarter. Alta Wealth Advisors LLC now owns 8,351 shares of the basic materials company's stock valued at $433,000 after buying an additional 375 shares during the period. Hedge funds and other institutional investors own 55.43% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Zacks Research cut shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 22nd. Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 18th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $75.00 price target on shares of Pan American Silver in a research note on Tuesday, April 28th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $68.00.

Pan American Silver Stock Performance

NYSE:PAAS opened at $53.34 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. The stock has a market capitalization of $22.47 billion, a P/E ratio of 17.15, a PEG ratio of 0.44 and a beta of 0.65. The company has a 50 day moving average price of $55.17 and a 200 day moving average price of $53.83. Pan American Silver Corp. has a fifty-two week low of $23.88 and a fifty-two week high of $69.99.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.03. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The firm's quarterly revenue was up 49.3% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. Equities research analysts forecast that Pan American Silver Corp. will post 4.65 EPS for the current year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.3%. Pan American Silver's dividend payout ratio (DPR) is presently 23.15%.

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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