Sprott Inc. Has $58.94 Million Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Sprott Inc. decreased its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,914,743 shares of the basic materials company’s stock after selling 22,807 shares during the period. Pan American Silver comprises about 3.5% of Sprott Inc.’s investment portfolio, making the stock its 6th biggest position. Sprott Inc.’s holdings in Pan American Silver were worth $58,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA bought a new stake in Pan American Silver in the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC purchased a new position in shares of Pan American Silver during the fourth quarter worth approximately $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pan American Silver in the 3rd quarter worth approximately $32,000. Decker Retirement Planning Inc. purchased a new stake in shares of Pan American Silver in the 4th quarter valued at $32,000. Finally, Mark Sheptoff Financial Planning LLC grew its holdings in shares of Pan American Silver by 102.5% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PAAS. Royal Bank of Canada upped their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Finally, Scotiabank boosted their price objective on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Pan American Silver has an average rating of “Moderate Buy” and a consensus target price of $28.10.

Pan American Silver Stock Performance

Pan American Silver stock opened at $24.40 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The firm has a market cap of $8.84 billion, a P/E ratio of 76.26 and a beta of 1.28. Pan American Silver Corp. has a 1-year low of $12.19 and a 1-year high of $26.05. The firm has a 50-day moving average of $22.45 and a 200-day moving average of $22.04.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business had revenue of $815.10 million during the quarter, compared to analysts’ expectations of $805.20 million. Sell-side analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, March 3rd. Pan American Silver’s payout ratio is currently 125.00%.

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.