PNC Financial Services Group Inc. Has $402,000 Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

PNC Financial Services Group Inc. decreased its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 6.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,610 shares of the basic materials company’s stock after selling 1,657 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Pan American Silver were worth $402,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PAAS. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Pan American Silver by 10.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 203,641 shares of the basic materials company’s stock worth $3,325,000 after acquiring an additional 18,979 shares during the period. Vanguard Group Inc. lifted its stake in Pan American Silver by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 13,065,572 shares of the basic materials company’s stock worth $213,361,000 after purchasing an additional 176,979 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Pan American Silver in the 4th quarter valued at $295,000. GeoSphere Capital Management LLC increased its stake in shares of Pan American Silver by 3.9% in the 4th quarter. GeoSphere Capital Management LLC now owns 400,000 shares of the basic materials company’s stock valued at $6,532,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC raised its holdings in shares of Pan American Silver by 3.5% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 205,191 shares of the basic materials company’s stock worth $3,351,000 after buying an additional 6,965 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Trading Down 1.7 %

NYSE PAAS opened at $19.87 on Friday. The firm has a market capitalization of $7.21 billion, a PE ratio of -43.20 and a beta of 1.37. The business’s 50-day moving average price is $20.19 and its two-hundred day moving average price is $16.73. The company has a current ratio of 2.11, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $22.75.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, May 8th. The basic materials company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.07. Pan American Silver had a positive return on equity of 0.13% and a negative net margin of 6.68%. The business had revenue of $601.40 million for the quarter, compared to analysts’ expectations of $592.58 million. During the same period in the prior year, the business posted $0.10 earnings per share. The firm’s revenue was up 54.1% on a year-over-year basis. On average, analysts expect that Pan American Silver Corp. will post 0.44 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 21st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Monday, May 20th. Pan American Silver’s dividend payout ratio is presently -86.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. CIBC raised their price target on shares of Pan American Silver from $27.50 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. BMO Capital Markets boosted their target price on shares of Pan American Silver from $22.00 to $24.00 in a research note on Tuesday, May 21st. StockNews.com upgraded Pan American Silver from a “sell” rating to a “hold” rating in a research note on Saturday, May 11th. Jefferies Financial Group boosted their price objective on Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Finally, Scotiabank increased their target price on Pan American Silver from $20.00 to $23.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

About Pan American Silver

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.