Elevatus Welath Management Takes $3.37 Million Position in Pan American Silver Corp. $PAAS

Elevatus Welath Management bought a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 65,056 shares of the basic materials company’s stock, valued at approximately $3,371,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. XTX Topco Ltd boosted its position in shares of Pan American Silver by 123.9% in the 2nd quarter. XTX Topco Ltd now owns 52,331 shares of the basic materials company’s stock valued at $1,486,000 after purchasing an additional 28,963 shares during the period. Knights of Columbus Asset Advisors LLC raised its holdings in Pan American Silver by 176.9% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 114,780 shares of the basic materials company’s stock worth $4,445,000 after buying an additional 73,326 shares during the period. J. Safra Sarasin Holding AG raised its holdings in Pan American Silver by 117.9% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 43,946 shares of the basic materials company’s stock worth $1,702,000 after buying an additional 23,780 shares during the period. Hollencrest Capital Management lifted its stake in Pan American Silver by 214.3% during the third quarter. Hollencrest Capital Management now owns 121,633 shares of the basic materials company’s stock valued at $4,711,000 after buying an additional 82,932 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its stake in 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 valued at $5,879,000 after buying an additional 119,028 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Stock Up 4.0%

Pan American Silver stock opened at $51.66 on Friday. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 1-year low of $20.55 and a 1-year high of $69.99. The firm’s fifty day simple moving average is $58.49 and its 200-day simple moving average is $48.20. The company has a market capitalization of $21.79 billion, a P/E ratio of 20.66, a P/E/G ratio of 0.41 and a beta of 0.62.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data 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 firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. Pan American Silver’s revenue for the quarter was up 44.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. Sell-side 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 declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.18 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, March 2nd. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. Pan American Silver’s dividend payout ratio is currently 28.80%.

Analyst Ratings Changes

Several research analysts have recently weighed in on PAAS shares. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Zacks Research upgraded shares of Pan American Silver from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Bank of America raised their price objective on shares of Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Finally, Scotiabank increased their target price on Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.