Mark Sheptoff Financial Planning LLC Invests $51,000 in Pan American Silver Corp. $PAAS

Mark Sheptoff Financial Planning LLC purchased a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 1,800 shares of the basic materials company’s stock, valued at approximately $51,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAAS. Vontobel Holding Ltd. bought a new position in Pan American Silver in the second quarter valued at about $2,521,000. Concurrent Investment Advisors LLC bought a new stake in shares of Pan American Silver during the 1st quarter valued at about $222,000. D.A. Davidson & CO. bought a new position in shares of Pan American Silver in the 1st quarter worth approximately $358,000. Intech Investment Management LLC boosted its holdings in shares of Pan American Silver by 189.0% in the first quarter. Intech Investment Management LLC now owns 107,952 shares of the basic materials company’s stock worth $2,788,000 after buying an additional 70,593 shares during the last quarter. Finally, Triasima Portfolio Management inc. grew its position in Pan American Silver by 29.1% during the second quarter. Triasima Portfolio Management inc. now owns 211,010 shares of the basic materials company’s stock valued at $5,975,000 after buying an additional 47,500 shares during the period. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $34.81 on Friday. The firm has a market cap of $14.69 billion, a PE ratio of 24.01, a PEG ratio of 0.44 and a beta of 0.63. The stock has a 50 day moving average of $36.83 and a 200 day moving average of $31.04. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15. Pan American Silver Corp. has a 12 month low of $19.80 and a 12 month high of $42.57.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $811.90 million for the quarter, compared to the consensus estimate of $782.12 million. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The company’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. On average, research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PAAS. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, October 14th. National Bank Financial upgraded shares of Pan American Silver to a “strong-buy” rating in a research note on Thursday, September 4th. CIBC lifted their price target on shares of Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Scotiabank increased their price objective on shares of Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Finally, National Bankshares restated an “outperform” rating on shares of Pan American Silver in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

Pan American Silver Profile

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.