111 Capital Invests $398,000 in Pan American Silver Corp. $PAAS

111 Capital bought a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,267 shares of the basic materials company’s stock, valued at approximately $398,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Rothschild Investment LLC bought a new stake in Pan American Silver in the third quarter valued at approximately $36,000. City State Bank increased its stake in shares of Pan American Silver by 74.4% in the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after buying an additional 435 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after buying an additional 497 shares during the last quarter. Assetmark Inc. boosted its position in Pan American Silver by 3,111.4% during the 3rd quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock valued at $44,000 after buying an additional 1,089 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after buying an additional 594 shares during the period. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PAAS has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. 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. Scotiabank upped their price target 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. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Finally, Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.60.

Pan American Silver Trading Down 8.0%

NYSE PAAS opened at $61.65 on Wednesday. The firm has a market capitalization of $26.01 billion, a PE ratio of 24.66, a P/E/G ratio of 0.62 and a beta of 0.62. The stock’s 50 day moving average is $58.08 and its 200 day moving average is $45.63. Pan American Silver Corp. has a twelve month low of $20.55 and a twelve month high of $69.99. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11.

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

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be given a dividend of $0.18 per share. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. Pan American Silver’s dividend payout ratio is 28.80%.

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.