Fideuram Intesa Sanpaolo Private Banking S.P.A. Sells 27,972 Shares of Pan American Silver Corp. $PAAS

Fideuram Intesa Sanpaolo Private Banking S.P.A. lessened its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 44.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,054 shares of the basic materials company’s stock after selling 27,972 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Pan American Silver were worth $1,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Pan American Silver in the third quarter worth about $1,074,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Pan American Silver by 38.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock worth $560,149,000 after acquiring an additional 4,037,311 shares during the last quarter. Gabelli Funds LLC raised its holdings in Pan American Silver by 10.5% in the 3rd quarter. Gabelli Funds LLC now owns 637,400 shares of the basic materials company’s stock worth $24,687,000 after acquiring an additional 60,600 shares during the last quarter. Van ECK Associates Corp lifted its position in Pan American Silver by 51.8% in the 3rd quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock valued at $1,748,355,000 after acquiring an additional 15,405,762 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Pan American Silver by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock valued at $905,513,000 after purchasing an additional 274,168 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 0.1%

Shares of PAAS stock opened at $46.24 on Friday. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 12 month low of $26.76 and a 12 month high of $69.99. The stock has a market cap of $19.42 billion, a P/E ratio of 14.87, a P/E/G ratio of 0.38 and a beta of 0.72. The company has a 50 day simple moving average of $52.08 and a two-hundred day simple moving average of $55.06.

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 the consensus estimate of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the company posted $0.42 EPS. The company’s revenue was up 49.3% compared to the same quarter last year. On average, research analysts expect that Pan American Silver Corp. will post 4.47 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is currently 23.15%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PAAS. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and upped their price target for the company from $67.00 to $72.00 in a report on Tuesday, May 12th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Monday, May 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, May 12th. Finally, Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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.