Aristides Capital LLC Takes Position in Pan American Silver Corp. $PAAS

Aristides Capital LLC purchased a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 142,106 shares of the basic materials company’s stock, valued at approximately $7,761,000. Pan American Silver comprises about 1.3% of Aristides Capital LLC’s investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds also recently bought and sold shares of the company. Sei Investments Co. increased its stake in Pan American Silver by 2.0% during the 1st quarter. Sei Investments Co. now owns 153,130 shares of the basic materials company’s stock valued at $8,366,000 after purchasing an additional 2,931 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Pan American Silver by 16.3% in the first quarter. Cetera Investment Advisers now owns 252,867 shares of the basic materials company’s stock worth $13,814,000 after buying an additional 35,477 shares in the last quarter. Wealthspire Retirement LLC lifted its stake in shares of Pan American Silver by 32.4% in the first quarter. Wealthspire Retirement LLC now owns 8,274 shares of the basic materials company’s stock worth $452,000 after buying an additional 2,024 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Pan American Silver by 25.0% during the first quarter. First Trust Advisors LP now owns 91,006 shares of the basic materials company’s stock valued at $4,978,000 after buying an additional 18,217 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Pan American Silver by 18.8% during the first quarter. PNC Financial Services Group Inc. now owns 29,039 shares of the basic materials company’s stock valued at $1,586,000 after buying an additional 4,587 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 2.4%

Shares of Pan American Silver stock opened at $44.19 on Friday. The company has a market cap of $18.43 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 4.01 and a beta of 0.72. The company’s 50 day moving average is $48.32 and its 200 day moving average is $54.24. Pan American Silver Corp. has a twelve month low of $26.76 and a twelve month high of $69.99. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The firm’s revenue was up 49.3% on a year-over-year basis. Research analysts anticipate that Pan American Silver Corp. will post 4.02 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio is presently 23.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Monday, May 11th. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Zacks Research downgraded Pan American Silver from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 target price on shares of Pan American Silver in a report on Tuesday, April 28th. Finally, Bank of America decreased their price target on Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.43.

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.