Pan American Silver Corp. (PAAS) Position Decreased by Stifel Financial Corp

Stifel Financial Corp lowered its stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 1.8% during the first quarter, Holdings Channel reports. The fund owned 62,080 shares of the basic materials company’s stock after selling 1,141 shares during the period. Stifel Financial Corp’s holdings in Pan American Silver Corp. were worth $1,086,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Pan American Silver Corp. during the fourth quarter valued at approximately $13,710,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Pan American Silver Corp. during the fourth quarter valued at approximately $5,095,000. Asset Management One Co. Ltd. purchased a new position in Pan American Silver Corp. during the fourth quarter valued at approximately $4,281,000. BARING ASSET MANAGEMENT Ltd purchased a new position in Pan American Silver Corp. during the first quarter valued at approximately $3,557,000. Finally, Karp Capital Management Corp purchased a new position in Pan American Silver Corp. during the first quarter valued at approximately $3,080,000. Institutional investors own 50.21% of the company’s stock.

Institutional Ownership by Quarter for Pan American Silver Corp. (NASDAQ:PAAS)

Pan American Silver Corp. (NASDAQ PAAS) opened at 16.21 on Tuesday. The firm’s 50 day moving average price is $17.07 and its 200-day moving average price is $17.51. Pan American Silver Corp. has a 1-year low of $13.80 and a 1-year high of $21.59. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 20.97 and a beta of 0.28.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Tuesday, May 9th. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.02. Pan American Silver Corp. had a return on equity of 6.13% and a net margin of 14.56%. The business had revenue of $198.70 million for the quarter, compared to analyst estimates of $179.02 million. During the same quarter last year, the company posted $0.02 EPS. Pan American Silver Corp.’s quarterly revenue was up 25.5% on a year-over-year basis. On average, equities analysts anticipate that Pan American Silver Corp. will post $0.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 5th. Stockholders of record on Tuesday, May 23rd were paid a dividend of $0.025 per share. The ex-dividend date was Friday, May 19th. This represents a $0.10 annualized dividend and a dividend yield of 0.62%. Pan American Silver Corp.’s dividend payout ratio (DPR) is 12.99%.

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Several analysts have issued reports on PAAS shares. Deutsche Bank AG dropped their target price on Pan American Silver Corp. from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, March 21st. Zacks Investment Research cut Pan American Silver Corp. from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. TheStreet raised Pan American Silver Corp. from a “c” rating to a “b-” rating in a research report on Friday, February 24th. BMO Capital Markets cut Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $21.00 to $19.00 in a research report on Friday, March 31st. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Pan American Silver Corp. in a research report on Tuesday, April 18th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $19.85.

About Pan American Silver Corp.

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PAAS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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