Crescent Grove Advisors LLC Raises Position in Pan American Silver Corp. $PAAS

Crescent Grove Advisors LLC lifted its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 64.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,704 shares of the basic materials company’s stock after buying an additional 25,023 shares during the period. Crescent Grove Advisors LLC’s holdings in Pan American Silver were worth $3,301,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after buying an additional 387 shares during the period. Rothschild Investment LLC purchased a new position in Pan American Silver in the third quarter valued at about $36,000. EverSource Wealth Advisors LLC boosted its holdings in Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 497 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in Pan American Silver in the fourth quarter valued at about $41,000. Finally, Assetmark Inc. boosted its holdings in Pan American Silver by 3,111.4% in the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 1,089 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PAAS shares. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Monday, May 11th. Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, May 12th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

Pan American Silver Trading Down 4.6%

Shares of NYSE PAAS opened at $52.67 on Thursday. The company has a market cap of $22.19 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 0.43 and a beta of 0.67. Pan American Silver Corp. has a 12-month low of $26.12 and a 12-month high of $69.99. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The stock’s 50 day simple moving average is $55.65 and its 200 day simple moving average is $54.46.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The business’s revenue was up 49.3% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. Equities research analysts expect that Pan American Silver Corp. will post 4.65 EPS for the current year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. Pan American Silver’s dividend payout ratio (DPR) is 23.15%.

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.