Creative Planning Has $689,000 Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Creative Planning raised its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 10.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,004 shares of the basic materials company’s stock after buying an additional 3,051 shares during the quarter. Creative Planning’s holdings in Pan American Silver were worth $689,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PAAS. Commonwealth Equity Services LLC increased its stake in Pan American Silver by 9.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 96,027 shares of the basic materials company’s stock valued at $1,448,000 after buying an additional 8,504 shares during the period. SG Americas Securities LLC grew its position in Pan American Silver by 2.9% in the first quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock worth $714,000 after acquiring an additional 1,336 shares in the last quarter. Retirement Planning Co of New England Inc. grew its position in Pan American Silver by 13.8% in the first quarter. Retirement Planning Co of New England Inc. now owns 25,594 shares of the basic materials company’s stock worth $386,000 after acquiring an additional 3,094 shares in the last quarter. Fore Capital LLC bought a new stake in Pan American Silver in the first quarter worth approximately $256,000. Finally, Foundry Partners LLC grew its position in Pan American Silver by 11.6% in the first quarter. Foundry Partners LLC now owns 247,676 shares of the basic materials company’s stock worth $3,735,000 after acquiring an additional 25,835 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on PAAS shares. Royal Bank of Canada boosted their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group boosted their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Scotiabank boosted their target price on shares of Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 16th. Finally, CIBC upped their price objective on shares of Pan American Silver from $30.00 to $35.00 and gave the stock an “outperformer” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.93.

Pan American Silver Price Performance

NYSE PAAS opened at $22.99 on Monday. The company has a current ratio of 2.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $21.74 and a 200 day simple moving average of $21.05. The company has a market cap of $8.35 billion, a P/E ratio of -58.95 and a beta of 1.33. Pan American Silver Corp. has a 1 year low of $12.16 and a 1 year high of $26.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The company had revenue of $686.30 million during the quarter, compared to the consensus estimate of $696.08 million. During the same period last year, the company earned $0.04 earnings per share. Pan American Silver’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that Pan American Silver Corp. will post 0.66 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Monday, August 19th. Pan American Silver’s dividend payout ratio is -102.56%.

Pan American Silver Company Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.