Schwartz Investment Counsel Inc. Has $2.59 Million Stock Position in Pan American Silver Corp. $PAAS

Schwartz Investment Counsel Inc. decreased its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,000 shares of the basic materials company’s stock after selling 8,000 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Pan American Silver were worth $2,590,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PAAS. Swiss Life Asset Management Ltd boosted its stake in shares of Pan American Silver by 46.9% in the 4th quarter. Swiss Life Asset Management Ltd now owns 58,827 shares of the basic materials company’s stock valued at $3,051,000 after purchasing an additional 18,791 shares during the last quarter. Asahi Life Asset Management CO. LTD. acquired a new position in Pan American Silver in the fourth quarter valued at $277,000. Ballentine Partners LLC acquired a new position in Pan American Silver in the fourth quarter valued at $216,000. International Assets Investment Management LLC boosted its position in Pan American Silver by 5.2% during the fourth quarter. International Assets Investment Management LLC now owns 9,860 shares of the basic materials company’s stock valued at $511,000 after acquiring an additional 485 shares during the last quarter. Finally, Generali Asset Management SPA SGR grew its holdings in Pan American Silver by 3.4% during the 4th quarter. Generali Asset Management SPA SGR now owns 31,798 shares of the basic materials company’s stock worth $1,647,000 after acquiring an additional 1,052 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Up 2.4%

Shares of NYSE:PAAS opened at $63.80 on Wednesday. Pan American Silver Corp. has a 1 year low of $22.08 and a 1 year high of $69.99. The business has a fifty day moving average price of $56.17 and a two-hundred day moving average price of $52.20. The company has a market capitalization of $26.88 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 0.51 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The business’s revenue for the quarter was up 49.3% on a year-over-year basis. During the same period last year, the business posted $0.42 earnings per share. Analysts forecast that Pan American Silver Corp. will post 4.45 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.72 annualized dividend and a yield of 1.1%. Pan American Silver’s dividend payout ratio (DPR) is currently 23.15%.

Analysts Set New Price Targets

Several brokerages recently commented on PAAS. Jefferies Financial Group cut their target price on 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. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and boosted their price target for the company from $67.00 to $72.00 in a research note on Tuesday. TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Monday. 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. Finally, Scotiabank lifted 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 note on Monday, January 26th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.00.

Pan American Silver Company 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.