Olympiad Research LP Invests $433,000 in Pan American Silver Corp. $PAAS

Olympiad Research LP bought a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,169 shares of the basic materials company’s stock, valued at approximately $433,000. Pan American Silver comprises about 0.6% of Olympiad Research LP’s portfolio, making the stock its 25th biggest position.

Several other hedge funds have also recently bought and sold shares of PAAS. 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 worth $40,000 after purchasing an additional 435 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in Pan American Silver in the 3rd quarter valued at $58,000. Northwestern Mutual Wealth Management Co. raised its position in Pan American Silver by 53.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 594 shares in the last quarter. Dakota Community Bank & Trust NA acquired a new position in Pan American Silver during the third quarter worth $66,000. Finally, Mark Sheptoff Financial Planning LLC bought a new position in Pan American Silver during the 2nd quarter valued at about $51,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PAAS shares. Scotiabank raised their price objective on shares of Pan American Silver from $36.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Wall Street Zen lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Bank of America upped their price target on 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, Jefferies Financial Group decreased their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.00.

Pan American Silver Stock Down 2.4%

Shares of PAAS opened at $57.23 on Thursday. The company has a market capitalization of $24.14 billion, a PE ratio of 33.08, a PEG ratio of 0.36 and a beta of 0.67. The stock’s 50-day moving average price is $48.77 and its two-hundred day moving average price is $39.18. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12. Pan American Silver Corp. has a 12 month low of $20.55 and a 12 month high of $60.25.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The business had revenue of $854.60 million for the quarter, compared to the consensus estimate of $867.76 million. During the same quarter in the previous year, the company earned $0.32 EPS. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were issued a $0.14 dividend. This is an increase from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. Pan American Silver’s payout ratio is presently 32.37%.

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.