Pan American Silver Corp. $PAAS Shares Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lowered its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 50.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the basic materials company’s stock after selling 25,000 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Pan American Silver were worth $1,366,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PAAS. Parallel Advisors LLC lifted its position in shares of Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 387 shares during the period. Fifth Third Bancorp grew its holdings in shares of Pan American Silver by 1,336.1% in the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 481 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Pan American Silver in the 4th quarter valued at approximately $34,000. Laurel Wealth Advisors LLC purchased a new position in Pan American Silver in the 4th quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC raised its holdings in Pan American Silver by 173.3% during the fourth quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 520 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Down 2.2%

PAAS stock opened at $42.72 on Tuesday. The stock has a market capitalization of $17.94 billion, a P/E ratio of 13.74, a PEG ratio of 3.79 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. Pan American Silver Corp. has a one year low of $26.76 and a one year high of $69.99. The company has a 50 day moving average price of $50.88 and a two-hundred day moving average price of $54.77.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results 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. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company posted $0.42 EPS. The business’s revenue for the quarter was up 49.3% compared to the same quarter last year. As a group, sell-side analysts expect that Pan American Silver Corp. will post 4.31 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, May 19th. Pan American Silver’s dividend payout ratio is presently 23.15%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 target price on shares of Pan American Silver in a report on Tuesday, April 28th. Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, May 12th. Jefferies Financial Group dropped their target price on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a report on Monday, July 6th. Finally, Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.43.

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.