Alps Advisors Inc. Grows Stock Holdings in Pan American Silver Corp. $PAAS

Alps Advisors Inc. grew its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 47.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 179,539 shares of the basic materials company’s stock after purchasing an additional 58,179 shares during the period. Alps Advisors Inc.’s holdings in Pan American Silver were worth $6,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in PAAS. AQR Capital Management LLC lifted its position in Pan American Silver by 48.6% during the first quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock worth $504,000 after buying an additional 6,391 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Pan American Silver by 574.9% during the 1st quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock worth $504,000 after acquiring an additional 16,626 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Pan American Silver by 31.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock valued at $38,728,000 after acquiring an additional 360,283 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Pan American Silver during the 1st quarter valued at about $1,272,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Pan American Silver by 4.3% in the second quarter. Janney Montgomery Scott LLC now owns 45,551 shares of the basic materials company’s stock valued at $1,294,000 after purchasing an additional 1,898 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Ratings Changes

PAAS has been the topic of a number of analyst reports. Scotiabank lifted their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the company an “outperform” rating in a research report on Wednesday. Wall Street Zen upgraded Pan American Silver from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Finally, Jefferies Financial Group decreased their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.17.

Pan American Silver Stock Up 5.4%

NYSE:PAAS opened at $55.23 on Monday. Pan American Silver Corp. has a 52 week low of $20.55 and a 52 week high of $69.99. The stock’s fifty day moving average is $53.57 and its two-hundred day moving average is $41.80. The stock has a market capitalization of $23.30 billion, a price-to-earnings ratio of 31.92, a price-to-earnings-growth ratio of 0.58 and a beta of 0.66. 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 (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share 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 firm had revenue of $854.60 million during the quarter, compared to analyst estimates of $867.76 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. Research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

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

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.