Caprock Group LLC Makes New Investment in Pan American Silver Corp. $PAAS

Caprock Group LLC bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 37,253 shares of the basic materials company’s stock, valued at approximately $1,443,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. City State Bank boosted its holdings in shares of Pan American Silver by 74.4% during the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after buying an additional 435 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in Pan American Silver during the third quarter worth about $58,000. Northwestern Mutual Wealth Management Co. grew its holdings in Pan American Silver by 53.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 594 shares during the period. Dakota Community Bank & Trust NA bought a new position in shares of Pan American Silver during the third quarter valued at approximately $66,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in shares of Pan American Silver during the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Bank of America raised their price target on shares of Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Canadian Imperial Bank of Commerce set a $88.00 price target on Pan American Silver and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Wall Street Zen raised Pan American Silver from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Finally, Scotiabank upped their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.60.

Pan American Silver Stock Performance

PAAS opened at $57.97 on Friday. The company’s 50 day moving average is $54.90 and its 200 day moving average is $42.74. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12. The company has a market cap of $24.46 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 0.58 and a beta of 0.66. Pan American Silver Corp. has a 12-month low of $20.55 and a 12-month high of $69.99.

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

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.