Pan American Silver Corp. (NYSE:PAAS) Holdings Reduced by Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.

Key Points

• Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. reduced its stake in Pan American Silver Corp. by 82.0%, selling 122,912 shares, leaving it with 27,050 shares worth approximately $701,000.
• Pan American Silver reported a quarterly earnings per share (EPS) of $0.42, outperforming analysts' expectations of $0.19, with revenue of $773.20 million.
• The company declared a quarterly dividend of $0.10 per share, yielding 1.5%, with a current payout ratio of 45.98%.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. trimmed its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 82.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,050 shares of the basic materials company's stock after selling 122,912 shares during the period. Pan American Silver comprises approximately 3.0% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings, making the stock its 13th biggest holding. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings in Pan American Silver were worth $701,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Signaturefd LLC grew its stake in Pan American Silver by 8.1% in the 1st quarter. Signaturefd LLC now owns 8,567 shares of the basic materials company's stock worth $221,000 after acquiring an additional 643 shares during the period. Evergreen Capital Management LLC grew its stake in Pan American Silver by 2.4% in the 4th quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock worth $611,000 after acquiring an additional 715 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Pan American Silver by 39.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock valued at $70,000 after purchasing an additional 775 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Pan American Silver by 13.4% in the 1st quarter. US Bancorp DE now owns 6,959 shares of the basic materials company's stock valued at $180,000 after purchasing an additional 820 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Pan American Silver by 3.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 33,916 shares of the basic materials company's stock valued at $876,000 after purchasing an additional 1,054 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Up 4.1%

Shares of Pan American Silver stock traded up $1.11 during trading on Monday, reaching $28.13. The company had a trading volume of 3,380,967 shares, compared to its average volume of 4,954,362. The company has a market cap of $10.18 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 0.36 and a beta of 0.60. The firm's fifty day moving average is $28.21 and its 200-day moving average is $25.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.94 and a current ratio of 2.93. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $31.03.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. The business had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The company's revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 EPS. On average, analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.40 annualized dividend and a yield of 1.4%. Pan American Silver's dividend payout ratio is 45.98%.

Analyst Ratings Changes

A number of brokerages have weighed in on PAAS. TD Securities decreased their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. BMO Capital Markets assumed coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating on the stock. CIBC restated an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $31.40.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.