10,704 Shares in Pan American Silver Corp. $PAAS Acquired by Verus Capital Partners LLC

Verus Capital Partners LLC bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,704 shares of the basic materials company’s stock, valued at approximately $415,000.

Other large investors also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in shares of Pan American Silver during the 3rd quarter valued at $36,000. City State Bank boosted its holdings in 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 valued at $40,000 after acquiring an additional 435 shares during the last quarter. Assetmark Inc. boosted its holdings in 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 valued at $44,000 after acquiring an additional 1,089 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Pan American Silver by 53.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 594 shares during the period. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Pan American Silver during the second quarter worth about $51,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Pan American Silver stock opened at $65.30 on Wednesday. The firm has a market capitalization of $27.55 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 0.62 and a beta of 0.66. Pan American Silver Corp. has a one year low of $20.55 and a one year high of $69.99. The stock’s 50 day moving average price is $56.69 and its 200 day moving average price is $44.43. 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 released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s quarterly revenue was up 44.7% on a year-over-year basis. As a group, sell-side analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.18 per share. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.1%. Pan American Silver’s payout ratio is currently 22.40%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PAAS. 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 target on shares of Pan American Silver and gave the company an “outperform” rating in a report on Wednesday, February 4th. Jefferies Financial Group reduced their price target on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Bank of America increased 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 report on Monday, December 1st. Finally, Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average 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.