UBS Group AG Trims Stock Holdings in Pan American Silver Corp. $PAAS

Key Points

• UBS trimmed its Pan American Silver stake by 55.3% in Q4, selling 1,320,028 shares and leaving 1,065,578 shares valued at about $55.2 million (0.25% of the company).
• Pan American Silver beat quarterly estimates with $1.09 EPS (vs. $1.06 consensus) and revenue up 49.3% year-over-year, and it raised its quarterly dividend to $0.18 (annualized $0.72, ~1.4% yield).
• Analyst sentiment is mixed-to-positive with a consensus rating of "Moderate Buy" (six Buys, three Holds) and a consensus target price of $59.67.

UBS Group AG trimmed its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 55.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,065,578 shares of the basic materials company's stock after selling 1,320,028 shares during the period. UBS Group AG owned 0.25% of Pan American Silver worth $55,208,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Pan American Silver by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company's stock worth $905,513,000 after acquiring an additional 274,168 shares during the last quarter. Veracity Capital LLC grew its position in Pan American Silver by 1.9% during the 4th quarter. Veracity Capital LLC now owns 9,868 shares of the basic materials company's stock valued at $511,000 after purchasing an additional 185 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in Pan American Silver by 130.1% during the 4th quarter. Concurrent Investment Advisors LLC now owns 20,335 shares of the basic materials company's stock valued at $1,054,000 after purchasing an additional 11,496 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Pan American Silver by 1,032.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 6,593 shares of the basic materials company's stock valued at $342,000 after purchasing an additional 6,011 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc. purchased a new stake in Pan American Silver during the 4th quarter valued at about $199,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on PAAS shares. Canadian Imperial Bank of Commerce set a $88.00 price objective on shares of Pan American Silver and gave the company an "outperform" rating in a research report on Wednesday, February 4th. Zacks Research downgraded shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada reissued an "outperform" rating and set a $75.00 price objective on shares of Pan American Silver in a research report on Tuesday, April 28th. Jefferies Financial Group cut their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a "hold" rating on the stock in a research report on Wednesday, January 21st. Finally, Scotiabank increased 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, January 26th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.67.

Pan American Silver Trading Down 1.1%

Shares of NYSE:PAAS opened at $50.54 on Wednesday. The stock has a market capitalization of $21.30 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 0.42 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.69. The stock's 50-day simple moving average is $56.79 and its two-hundred day simple moving average is $51.44. Pan American Silver Corp. has a 52-week low of $22.08 and a 52-week high of $69.99.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.Pan American Silver's revenue was up 49.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. Analysts expect that Pan American Silver Corp. will post 4.45 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Pan American Silver's previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 1.4%. Pan American Silver's payout ratio is 28.80%.

Pan American Silver 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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