52,000 Shares in Pan American Silver Corp. $PAAS Purchased by Enclave Advisors LLC

Enclave Advisors LLC acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 52,000 shares of the basic materials company’s stock, valued at approximately $2,694,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its position in Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after buying an additional 387 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of Pan American Silver during the third quarter valued at about $36,000. City State Bank raised its stake in shares of Pan American Silver by 74.4% in the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 435 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Pan American Silver by 93.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 497 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Pan American Silver by 3,111.4% in the 3rd quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 1,089 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PAAS has been the subject of several research reports. Zacks Research upgraded shares of Pan American Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. 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 report on Wednesday, February 4th. Jefferies Financial Group cut their price objective on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 21st. Finally, Scotiabank increased their target price on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $56.60.

Pan American Silver Price Performance

Shares of PAAS opened at $51.66 on Friday. Pan American Silver Corp. has a fifty-two week low of $20.55 and a fifty-two week high of $69.99. The firm’s 50 day moving average price is $58.49 and its 200 day moving average price is $48.20. The company has a market cap of $21.79 billion, a P/E ratio of 20.66, a PEG ratio of 0.41 and a beta of 0.62. 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 released its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.21. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The firm’s quarterly revenue was up 44.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 EPS. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were paid a $0.18 dividend. The ex-dividend date was Monday, March 2nd. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. Pan American Silver’s payout ratio is 28.80%.

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.