Bfsg LLC Decreases Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Bfsg LLC reduced its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,702 shares of the basic materials company’s stock after selling 2,109 shares during the period. Bfsg LLC’s holdings in Pan American Silver were worth $3,118,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Pan American Silver in the fourth quarter valued at $43,000. Allspring Global Investments Holdings LLC lifted its position in Pan American Silver by 11.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 488,119 shares of the basic materials company’s stock valued at $9,869,000 after acquiring an additional 48,419 shares during the last quarter. Renaissance Technologies LLC lifted its position in Pan American Silver by 110.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,498,246 shares of the basic materials company’s stock valued at $30,295,000 after acquiring an additional 784,906 shares during the last quarter. Credit Industriel ET Commercial purchased a new stake in Pan American Silver in the fourth quarter valued at $8,537,000. Finally, Vanguard Group Inc. lifted its position in Pan American Silver by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company’s stock valued at $283,385,000 after acquiring an additional 221,561 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

Pan American Silver stock opened at $28.91 on Tuesday. The firm has a fifty day moving average of $25.61 and a 200-day moving average of $24.07. The firm has a market capitalization of $10.47 billion, a P/E ratio of 90.35 and a beta of 0.63. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $29.66. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.23. The company had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS. As a group, analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver’s dividend payout ratio is presently 45.98%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 15th. TD Securities dropped their price objective on shares of Pan American Silver from $30.00 to $26.00 and set a “hold” rating on the stock in a research note on Thursday, May 22nd. BMO Capital Markets assumed coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They issued a “market perform” rating on the stock. Scotiabank restated a “sector perform” rating on shares of Pan American Silver in a research note on Monday, April 14th. Finally, CIBC increased their price target on shares of Pan American Silver from $38.00 to $42.00 and gave the stock an “outperformer” rating in a report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.60.

Pan American Silver 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.