Spire Wealth Management Invests $779,000 in Pan American Silver Corp. $PAAS

Spire Wealth Management acquired a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,126 shares of the basic materials company’s stock, valued at approximately $779,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Pan American Silver by 15.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,425,601 shares of the basic materials company’s stock valued at $296,087,000 after buying an additional 1,396,360 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Pan American Silver by 49.5% during the 2nd quarter. Invesco Ltd. now owns 9,016,262 shares of the basic materials company’s stock worth $256,062,000 after acquiring an additional 2,986,434 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Pan American Silver by 5,674.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock valued at $174,406,000 after acquiring an additional 6,034,755 shares during the last quarter. Norges Bank bought a new position in shares of Pan American Silver in the 2nd quarter valued at approximately $155,281,000. Finally, Ameriprise Financial Inc. lifted its holdings in Pan American Silver by 6.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,038,617 shares of the basic materials company’s stock worth $114,747,000 after purchasing an additional 226,933 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $54.25 on Friday. The firm has a fifty day moving average price of $45.45 and a two-hundred day moving average price of $37.64. Pan American Silver Corp. has a fifty-two week low of $20.35 and a fifty-two week high of $55.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. The company has a market cap of $22.89 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 0.33 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The company had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. During the same period in the prior year, the company posted $0.32 EPS. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. Analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have commented on the company. Bank of America increased their price target on Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a report on Monday, December 1st. 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 report on Friday, October 10th. Scotiabank lifted their target price on shares of Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Finally, Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.33.

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.