11,877 Shares in Pan American Silver Corp. $PAAS Purchased by Formidable Asset Management LLC

Formidable Asset Management LLC purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,877 shares of the basic materials company’s stock, valued at approximately $460,000.

Other large investors have also added to or reduced their stakes in the company. City State Bank raised its holdings in shares of Pan American Silver by 74.4% during the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 435 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position 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 last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in Pan American Silver during the second quarter valued at $51,000. Kiker Wealth Management LLC lifted its position in Pan American Silver by 42.4% during the second quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 600 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in Pan American Silver during the third quarter valued at $58,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

PAAS opened at $55.12 on Tuesday. The business has a fifty day moving average of $47.97 and a 200 day moving average of $38.84. The stock has a market cap of $23.25 billion, a P/E ratio of 31.86, a PEG ratio of 0.34 and a beta of 0.67. 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 52-week low of $20.55 and a 52-week high of $57.19.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share 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 firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. As a group, sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

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

Analyst Upgrades and Downgrades

PAAS has been the topic of several recent research reports. Bank of America upped their target price on shares of Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Jefferies Financial Group restated a “hold” rating and set a $50.00 price objective on shares of Pan American Silver in a research report on Sunday, December 7th. Wall Street Zen cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Scotiabank increased their price target on Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. 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 equities 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.33.

Pan American Silver 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.