Hedges Asset Management LLC Purchases New Stake in Pan American Silver Corp. $PAAS

Hedges Asset Management LLC purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 47,953 shares of the basic materials company’s stock, valued at approximately $1,857,000. Pan American Silver accounts for approximately 1.4% of Hedges Asset Management LLC’s holdings, making the stock its 18th largest holding.

Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Pan American Silver by 53.6% during 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. Mark Sheptoff Financial Planning LLC bought a new position in Pan American Silver during the 2nd quarter valued at approximately $51,000. Kiker Wealth Management LLC lifted its holdings in Pan American Silver by 42.4% in the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock worth $57,000 after buying an additional 600 shares during the period. CWM LLC grew its position in shares of Pan American Silver by 32.1% in the 2nd quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock worth $64,000 after buying an additional 550 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new stake in shares of Pan American Silver in the 2nd quarter worth approximately $81,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. National Bankshares restated an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. Wall Street Zen lowered shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $50.00 target price on shares of Pan American Silver in a research note on Sunday, December 7th. National Bank Financial raised shares of Pan American Silver to a “strong-buy” rating in a research note on Thursday, September 4th. Finally, Zacks Research upgraded Pan American Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

Pan American Silver Stock Up 1.4%

Shares of Pan American Silver stock opened at $49.97 on Thursday. Pan American Silver Corp. has a 1 year low of $19.80 and a 1 year high of $52.24. The firm has a market cap of $21.09 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 0.47 and a beta of 0.72. The company has a 50-day moving average of $40.18 and a 200 day moving average of $34.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $854.60 million for the quarter, compared to the consensus estimate of $867.76 million. Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The company’s revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. As a group, sell-side 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 business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, November 24th. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s dividend payout ratio (DPR) is currently 32.37%.

Pan American Silver Profile

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.