Pekin Hardy Strauss Inc. Purchases Shares of 13,322 Pan American Silver Corp. $PAAS

Pekin Hardy Strauss Inc. purchased a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,322 shares of the basic materials company’s stock, valued at approximately $690,000.

Several other large investors have also recently added to or reduced their stakes in the company. Veracity Capital LLC increased its stake in shares of Pan American Silver by 1.9% in the 4th quarter. Veracity Capital LLC now owns 9,868 shares of the basic materials company’s stock valued at $511,000 after buying an additional 185 shares during the period. Linden Thomas Advisory Services LLC increased its stake in shares of Pan American Silver by 4.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,507 shares of the basic materials company’s stock valued at $337,000 after buying an additional 262 shares during the period. Harvest Portfolios Group Inc. increased its stake in shares of Pan American Silver by 0.9% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 36,240 shares of the basic materials company’s stock valued at $1,404,000 after buying an additional 318 shares during the period. CoreCap Advisors LLC increased its stake in shares of Pan American Silver by 7.9% in the 4th quarter. CoreCap Advisors LLC now owns 4,535 shares of the basic materials company’s stock valued at $235,000 after buying an additional 331 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Pan American Silver by 18.1% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 2,373 shares of the basic materials company’s stock valued at $92,000 after buying an additional 364 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Down 2.2%

NYSE:PAAS opened at $51.22 on Thursday. Pan American Silver Corp. has a 12-month low of $22.08 and a 12-month high of $69.99. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $21.59 billion, a P/E ratio of 20.49, a P/E/G ratio of 0.46 and a beta of 0.75. The stock’s fifty day simple moving average is $57.25 and its 200-day simple moving average is $51.21.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.35 EPS. The firm’s revenue was up 44.7% on a year-over-year basis. Equities research analysts expect that Pan American Silver Corp. will post 4.41 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.18 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, March 2nd. Pan American Silver’s dividend payout ratio is presently 28.80%.

Analysts Set New Price Targets

Several research firms have recently commented on PAAS. Jefferies Financial Group lowered their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Scotiabank raised their price target on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a research report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and a consensus target price of $59.67.

Pan American Silver Company Profile

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.