Cresset Asset Management LLC Has $951,000 Stock Holdings in Pan American Silver Corp. $PAAS

Cresset Asset Management LLC grew its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 60.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,552 shares of the basic materials company’s stock after purchasing an additional 9,225 shares during the period. Cresset Asset Management LLC’s holdings in Pan American Silver were worth $951,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in Pan American Silver during the 3rd quarter worth about $36,000. City State Bank boosted its holdings 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 boosted its holdings in shares of Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after buying an additional 497 shares during the period. Assetmark Inc. increased its position in shares of Pan American Silver by 3,111.4% in the third 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 in the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of Pan American Silver in the third quarter worth approximately $58,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Up 1.6%

Shares of NYSE PAAS opened at $61.50 on Wednesday. The business has a 50 day simple moving average of $58.79 and a 200 day simple moving average of $46.65. Pan American Silver Corp. has a 52 week low of $20.55 and a 52 week high of $69.99. The stock has a market cap of $25.94 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 0.56 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.69.

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 for the quarter, beating the consensus estimate of $0.90 by $0.21. The firm 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 company’s revenue for the quarter was up 44.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. On average, research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, March 2nd. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s dividend payout ratio (DPR) is presently 28.80%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Jefferies Financial Group reduced their price target on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Scotiabank boosted their target price on shares of Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Wall Street Zen upgraded Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 22nd. Finally, Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

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.