Pan American Silver Corp. $PAAS Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 591.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,485 shares of the basic materials company’s stock after purchasing an additional 11,535 shares during the period. Blue Trust Inc.’s holdings in Pan American Silver were worth $522,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in Pan American Silver by 53.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after buying an additional 594 shares in the last quarter. Dakota Community Bank & Trust NA purchased a new position in shares of Pan American Silver during the 3rd quarter worth $66,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Pan American Silver during the 2nd quarter valued at about $51,000. Kiker Wealth Management LLC increased its position in Pan American Silver by 42.4% during 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. Finally, CWM LLC increased its position in Pan American Silver by 32.1% during the second 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 last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Trading Up 3.1%

PAAS opened at $55.47 on Monday. Pan American Silver Corp. has a 52 week low of $19.80 and a 52 week high of $55.85. The company has a quick ratio of 1.55, a current ratio of 2.31 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $42.05 and a 200-day simple moving average of $36.01. The firm has a market cap of $23.41 billion, a P/E ratio of 32.07, a P/E/G ratio of 0.52 and a beta of 0.71.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The firm had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. During the same period in the previous year, the company posted $0.32 EPS. Pan American Silver’s revenue was up 19.3% on a year-over-year basis. On average, equities analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, November 24th. Pan American Silver’s dividend payout ratio (DPR) is presently 32.37%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Zacks Research raised shares of Pan American Silver from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Bank of America raised their target price on Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. National Bankshares reaffirmed an “outperform” rating on shares of Pan American Silver in a research note on Friday, September 5th. CIBC increased their price target on Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a report on Friday, October 10th. Finally, National Bank Financial upgraded shares of Pan American Silver to a “strong-buy” rating in a report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.33.

Pan American Silver Profile

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.