BCS Private Wealth Management Inc. Purchases New Stake in Pan American Silver Corp. $PAAS

BCS Private Wealth Management Inc. purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the basic materials company’s stock, valued at approximately $518,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PAAS. Parallel Advisors LLC raised its holdings in Pan American Silver by 151.8% during the 3rd 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 bought a new stake in Pan American Silver during the 3rd quarter valued at $36,000. City State Bank raised its holdings in 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 during the last quarter. 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. Finally, Assetmark Inc. raised its holdings in 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 purchasing an additional 1,089 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on PAAS. Zacks Research upgraded shares of Pan American Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Canadian Imperial Bank of Commerce set a $88.00 price objective on shares of Pan American Silver and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 22nd. Finally, Jefferies Financial Group decreased their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 21st. One research 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

Pan American Silver Stock Up 1.5%

NYSE:PAAS opened at $58.14 on Wednesday. The firm’s 50-day moving average price is $57.53 and its 200-day moving average price is $50.00. The company has a market capitalization of $24.50 billion, a PE ratio of 23.26, a P/E/G ratio of 0.47 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97. Pan American Silver Corp. has a 1-year low of $22.08 and a 1-year high of $69.99.

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 for the quarter, topping analysts’ consensus estimates of $0.90 by $0.21. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.11 billion. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The company’s revenue was up 44.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. On average, equities analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s payout ratio is currently 28.80%.

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.