Sanctuary Advisors LLC Lowers Position in Pan American Silver Corp. $PAAS

Sanctuary Advisors LLC trimmed its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 43.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,353 shares of the basic materials company’s stock after selling 14,857 shares during the quarter. Sanctuary Advisors LLC’s holdings in Pan American Silver were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in shares of Pan American Silver by 1,336.1% in the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 481 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 387 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Pan American Silver in the 4th quarter worth about $34,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver in the 4th quarter worth about $41,000. Finally, Harbor Investment Advisory LLC bought a new stake in Pan American Silver in the 1st quarter worth about $44,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 0.4%

Pan American Silver stock opened at $44.03 on Friday. Pan American Silver Corp. has a twelve month low of $26.76 and a twelve month high of $69.99. The firm has a 50 day moving average price of $48.07 and a 200-day moving average price of $54.17. The company has a market capitalization of $18.36 billion, a P/E ratio of 14.16, a P/E/G ratio of 3.91 and a beta of 0.72. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11.

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 (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. Pan American Silver’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. As a group, equities analysts predict that Pan American Silver Corp. will post 4.02 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio is 23.15%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Bank of America dropped their target price on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Monday, May 11th. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Jefferies Financial Group dropped their price target on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, July 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 price objective on shares of Pan American Silver in a research report on Tuesday, April 28th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $70.43.

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.