Oppenheimer & Co. Inc. Buys 233,297 Shares of Pan American Silver Corp. $PAAS

Oppenheimer & Co. Inc. raised its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 266.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 320,890 shares of the basic materials company’s stock after buying an additional 233,297 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.08% of Pan American Silver worth $12,428,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PAAS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Pan American Silver by 15.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,425,601 shares of the basic materials company’s stock valued at $296,087,000 after purchasing an additional 1,396,360 shares in the last quarter. Invesco Ltd. increased its position in shares of Pan American Silver by 49.5% during the second quarter. Invesco Ltd. now owns 9,016,262 shares of the basic materials company’s stock valued at $256,062,000 after acquiring an additional 2,986,434 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Pan American Silver by 5,674.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,141,108 shares of the basic materials company’s stock worth $174,406,000 after acquiring an additional 6,034,755 shares during the last quarter. Norges Bank bought a new position in Pan American Silver in the 2nd quarter valued at approximately $155,281,000. Finally, Ameriprise Financial Inc. boosted its stake in Pan American Silver by 6.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,038,617 shares of the basic materials company’s stock valued at $114,747,000 after purchasing an additional 226,933 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Trading Up 6.8%

Pan American Silver stock opened at $58.99 on Tuesday. Pan American Silver Corp. has a 52-week low of $20.55 and a 52-week high of $69.99. The company has a market cap of $24.89 billion, a P/E ratio of 34.10, a P/E/G ratio of 0.58 and a beta of 0.66. 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 50-day simple moving average of $53.82 and a two-hundred day simple moving average of $42.01.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $854.60 million for the quarter, compared to analysts’ expectations of $867.76 million. Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.The company’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. Analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were issued a dividend of $0.14 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, November 24th. Pan American Silver’s dividend payout ratio is presently 32.37%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PAAS. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Bank of America boosted their target price on Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Wall Street Zen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.17.

Pan American Silver Company 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.