Compound Planning Inc. Purchases Shares of 13,214 Pan American Silver Corp. $PAAS

Compound Planning Inc. purchased a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,214 shares of the basic materials company’s stock, valued at approximately $512,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PAAS. XTX Topco Ltd lifted its holdings in shares of Pan American Silver by 123.9% during the second quarter. XTX Topco Ltd now owns 52,331 shares of the basic materials company’s stock worth $1,486,000 after purchasing an additional 28,963 shares during the period. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Pan American Silver by 176.9% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 114,780 shares of the basic materials company’s stock valued at $4,445,000 after acquiring an additional 73,326 shares during the last quarter. J. Safra Sarasin Holding AG increased its stake in shares of Pan American Silver by 117.9% in the third quarter. J. Safra Sarasin Holding AG now owns 43,946 shares of the basic materials company’s stock worth $1,702,000 after acquiring an additional 23,780 shares during the period. Hollencrest Capital Management increased its stake in shares of Pan American Silver by 214.3% in the third quarter. Hollencrest Capital Management now owns 121,633 shares of the basic materials company’s stock worth $4,711,000 after acquiring an additional 82,932 shares during the period. Finally, Campbell & CO Investment Adviser LLC raised its holdings in shares of Pan American Silver by 363.2% during the third quarter. Campbell & CO Investment Adviser LLC now owns 151,801 shares of the basic materials company’s stock worth $5,879,000 after purchasing an additional 119,028 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Pan American Silver stock opened at $68.66 on Friday. The stock has a market cap of $28.97 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 0.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97. The firm has a 50 day simple moving average of $57.66 and a 200-day simple moving average of $45.08. Pan American Silver Corp. has a 1-year low of $20.55 and a 1-year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was up 44.7% on a year-over-year basis. On average, analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a dividend of $0.18 per share. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. Pan American Silver’s dividend payout ratio (DPR) is 22.40%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 31st. Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Scotiabank raised their target price on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Bank of America lifted their price target on Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Finally, Jefferies Financial Group lowered their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $56.60.

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.