Catalyst Funds Management Pty Ltd Invests $3.31 Million in Pan American Silver Corp. $PAAS

Catalyst Funds Management Pty Ltd bought a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 116,680 shares of the basic materials company’s stock, valued at approximately $3,314,000. Pan American Silver comprises approximately 0.9% of Catalyst Funds Management Pty Ltd’s holdings, making the stock its 17th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Signaturefd LLC lifted its holdings in shares of Pan American Silver by 5.5% in the 2nd quarter. Signaturefd LLC now owns 9,042 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 475 shares during the last quarter. CWM LLC raised its position in Pan American Silver by 32.1% in the 2nd quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 550 shares during the period. Kiker Wealth Management LLC lifted its stake in Pan American Silver by 42.4% in the second quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 600 shares during the last quarter. US Bancorp DE boosted its position in Pan American Silver by 13.4% during the first quarter. US Bancorp DE now owns 6,959 shares of the basic materials company’s stock valued at $180,000 after buying an additional 820 shares during the period. Finally, Blair William & Co. IL grew its stake in shares of Pan American Silver by 4.3% during the first quarter. Blair William & Co. IL now owns 21,718 shares of the basic materials company’s stock valued at $561,000 after buying an additional 900 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PAAS. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a research note on Friday, September 5th. National Bank Financial upgraded Pan American Silver to a “strong-buy” rating in a research report on Thursday, September 4th. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research note on Monday. Finally, CIBC increased their price target on shares of Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $39.09 on Thursday. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 0.44 and a beta of 0.63. The stock has a fifty day moving average of $37.37 and a 200 day moving average of $31.81. Pan American Silver Corp. has a 52 week low of $19.80 and a 52 week high of $42.57. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $854.60 million during the quarter, compared to analysts’ expectations of $867.76 million. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. As a group, research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 24th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, November 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. Pan American Silver’s payout ratio is presently 32.37%.

Pan American Silver 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.