Monaco Asset Management SAM Sells 364,876 Shares of Pan American Silver Corp. (NYSE:PAAS)

Monaco Asset Management SAM trimmed its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 56.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 285,000 shares of the basic materials company’s stock after selling 364,876 shares during the quarter. Pan American Silver comprises 0.9% of Monaco Asset Management SAM’s portfolio, making the stock its 14th biggest holding. Monaco Asset Management SAM owned 0.08% of Pan American Silver worth $5,666,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PAAS. International Assets Investment Management LLC bought a new position in shares of Pan American Silver in the 4th quarter valued at approximately $901,000. Metis Global Partners LLC grew its holdings in Pan American Silver by 11.3% during the fourth quarter. Metis Global Partners LLC now owns 14,596 shares of the basic materials company’s stock valued at $238,000 after purchasing an additional 1,482 shares during the last quarter. SCP Investment LP bought a new position in shares of Pan American Silver in the fourth quarter valued at approximately $307,000. BNP Paribas Financial Markets lifted its stake in shares of Pan American Silver by 97.7% in the fourth quarter. BNP Paribas Financial Markets now owns 146,950 shares of the basic materials company’s stock worth $2,400,000 after buying an additional 72,607 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Pan American Silver during the 4th quarter worth $235,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Trading Up 1.0 %

Shares of PAAS opened at $18.81 on Tuesday. The stock’s 50-day moving average price is $21.12 and its 200 day moving average price is $19.12. The company has a quick ratio of 0.92, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of -40.89 and a beta of 1.35. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $24.27.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). The firm had revenue of $686.30 million for the quarter, compared to the consensus estimate of $696.08 million. Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 earnings per share. As a group, research analysts predict that Pan American Silver Corp. will post 0.59 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Monday, August 19th. Pan American Silver’s payout ratio is -86.96%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PAAS shares. BMO Capital Markets lifted their target price on shares of Pan American Silver from $22.00 to $24.00 in a report on Tuesday, May 21st. Jefferies Financial Group boosted their price objective on Pan American Silver from $19.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. CIBC increased their target price on Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Finally, Scotiabank lifted their price target on Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.42.

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.