Pan American Silver Corp. $PAAS Shares Sold by Sprott Inc.

Key Points

• Sprott Inc. sold down its stake in Pan American Silver by 42.7% in Q3, offloading 1,111,948 shares and retaining 1,492,927 shares (about 0.35% of PAAS, ~$57.8M), with PAAS making up roughly 2.0% of Sprott’s holdings (its 13th largest position).
• Q4 results topped expectations: Pan American Silver reported EPS of $1.11 versus $0.90 expected and revenue of $1.18 billion (up 44.7% year-over-year), supporting analyst forecasts for continued profitability.
• Dividend raised: the company increased its quarterly dividend to $0.18 from $0.14 (annualized $0.72, ~1.1% yield), with an ex-dividend date of March 2 and payment on March 13.

Sprott Inc. decreased its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 42.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,492,927 shares of the basic materials company's stock after selling 1,111,948 shares during the quarter. Pan American Silver makes up approximately 2.0% of Sprott Inc.'s holdings, making the stock its 13th biggest holding. Sprott Inc. owned 0.35% of Pan American Silver worth $57,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PAAS. Rothschild Investment LLC acquired a new stake in shares of Pan American Silver during the 3rd quarter worth approximately $36,000. City State Bank boosted its position in Pan American Silver by 74.4% during the 3rd 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 stake in Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company's stock worth $40,000 after buying an additional 497 shares during the last quarter. Assetmark Inc. increased its position in 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 buying an additional 1,089 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Pan American Silver by 53.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company's stock valued at $48,000 after buying an additional 594 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Price Performance

NYSE PAAS opened at $66.98 on Tuesday. Pan American Silver Corp. has a 12 month low of $20.55 and a 12 month high of $69.99. The firm has a market capitalization of $28.26 billion, a PE ratio of 26.79, a P/E/G ratio of 0.63 and a beta of 0.61. The company's 50 day simple moving average is $57.92 and its 200 day simple moving average is $45.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results 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 return on equity of 16.38% and a net margin of 27.07%.The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted $0.35 EPS. The firm's quarterly revenue was up 44.7% on a year-over-year basis. As a group, equities research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be paid 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 yield of 1.1%. The ex-dividend date of this dividend is Monday, March 2nd. Pan American Silver's dividend payout ratio (DPR) is 22.40%.

Analysts Set New Price Targets

Several equities analysts have recently commented on PAAS shares. Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Sunday, February 22nd. Zacks Research lowered shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 31st. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Scotiabank lifted their price target on Pan American Silver from $47.00 to $64.00 and gave the company an "outperform" rating in a report on Monday, January 26th. Finally, Bank of America increased their price objective on Pan American Silver from $46.00 to $51.00 and gave the stock a "buy" rating in a report on Monday, December 1st. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $56.60.

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.

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