Verus Capital Partners LLC Acquires New Position in Pan American Silver Corp. $PAAS

Verus Capital Partners LLC acquired a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 10,704 shares of the basic materials company’s stock, valued at approximately $415,000.

A number of other large investors also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new position in shares of Pan American Silver in the 3rd quarter worth approximately $36,000. City State Bank lifted its stake in Pan American Silver by 74.4% during the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 435 shares during the last quarter. Assetmark Inc. lifted its stake in Pan American Silver by 3,111.4% during the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 1,089 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Pan American Silver by 53.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 594 shares during the period. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in Pan American Silver in the second quarter worth $51,000. Institutional investors own 55.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Bank of America increased their target price on shares of Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Jefferies Financial Group lowered their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Scotiabank raised their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Finally, Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Sunday. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.60.

Pan American Silver Stock Up 0.2%

PAAS stock opened at $65.30 on Wednesday. The firm’s 50-day moving average is $56.69 and its two-hundred day moving average is $44.43. The company has a market capitalization of $27.55 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 0.62 and a beta of 0.66. Pan American Silver Corp. has a 52 week low of $20.55 and a 52 week high of $69.99. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.21. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The company’s revenue was up 44.7% on a year-over-year basis. On average, analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, March 2nd will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, March 2nd. Pan American Silver’s payout ratio is 22.40%.

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.