Olympiad Research LP Invests $433,000 in Pan American Silver Corp. $PAAS

Olympiad Research LP bought a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,169 shares of the basic materials company’s stock, valued at approximately $433,000. Pan American Silver makes up about 0.6% of Olympiad Research LP’s holdings, making the stock its 25th biggest position.

A number of other large investors have also added to or reduced their stakes in PAAS. First Interstate Bank purchased a new position in Pan American Silver during the 3rd quarter valued at $248,000. Triasima Portfolio Management inc. lifted its position in Pan American Silver by 14.7% during the third quarter. Triasima Portfolio Management inc. now owns 242,005 shares of the basic materials company’s stock valued at $9,380,000 after purchasing an additional 30,995 shares during the period. Formidable Asset Management LLC bought a new stake in shares of Pan American Silver during the 3rd quarter valued at about $460,000. Stegent Equity Advisors Inc. bought a new position in Pan American Silver in the 3rd quarter worth $305,000. Finally, Evergreen Capital Management LLC lifted its holdings in Pan American Silver by 4.4% during the third quarter. Evergreen Capital Management LLC now owns 21,817 shares of the basic materials company’s stock valued at $845,000 after purchasing an additional 914 shares in the last quarter. Institutional investors own 55.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Scotiabank lifted their price objective on Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. CIBC upped their price objective on shares of Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Finally, Jefferies Financial Group cut their target price on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Pan American Silver has an average rating of “Moderate Buy” and an average price target of $45.00.

Pan American Silver Price Performance

PAAS stock opened at $57.23 on Thursday. The business has a 50 day moving average price of $48.77 and a 200 day moving average price of $39.18. The company has a quick ratio of 1.55, a current ratio of 2.31 and a debt-to-equity ratio of 0.12. Pan American Silver Corp. has a fifty-two week low of $20.55 and a fifty-two week high of $60.25. The stock has a market cap of $24.14 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 0.36 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $854.60 million for the quarter, compared to analysts’ expectations of $867.76 million. Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS. Equities research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio is 32.37%.

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.