Hsbc Holdings PLC Reduces Holdings in Pan American Silver Corp. $PAAS

Hsbc Holdings PLC reduced its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 41.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,682 shares of the basic materials company’s stock after selling 139,613 shares during the period. Hsbc Holdings PLC’s holdings in Pan American Silver were worth $10,161,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PAAS. Parallel Advisors LLC grew its holdings in 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 buying an additional 387 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Pan American Silver in the fourth quarter worth $34,000. EverSource Wealth Advisors LLC lifted its position in shares of Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 497 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Pan American Silver in the fourth quarter valued at $41,000. Finally, Golden State Wealth Management LLC boosted its stake in shares of 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 valued at $42,000 after acquiring an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $44.95 on Friday. The company has a market cap of $18.94 billion, a P/E ratio of 14.45, a P/E/G ratio of 0.35 and a beta of 0.67. The business has a fifty day simple moving average of $53.52 and a 200-day simple moving average of $55.23. Pan American Silver Corp. has a 52 week low of $26.76 and a 52 week high of $69.99. 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 released its 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 return on equity of 19.50% and a net margin of 31.66%.The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the business posted $0.42 earnings per share. The firm’s revenue for the quarter was up 49.3% compared to the same quarter last year. Equities research analysts forecast that Pan American Silver Corp. will post 4.66 EPS for the current year.

Pan American Silver Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PAAS. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Monday, May 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a research note on Tuesday, April 28th. Eight investment 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.00.

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.