Park Avenue Securities LLC Makes New $354,000 Investment in Pan American Silver Corp. $PAAS

Park Avenue Securities LLC acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 9,145 shares of the basic materials company’s stock, valued at approximately $354,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAAS. City State Bank raised its holdings in shares of Pan American Silver by 74.4% in 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 period. Northwestern Mutual Wealth Management Co. grew its position in Pan American Silver by 53.6% in the 2nd 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 in the last quarter. Dakota Community Bank & Trust NA purchased a new stake in Pan American Silver during the third quarter worth about $66,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Pan American Silver during the second quarter worth about $51,000. Finally, Kiker Wealth Management LLC boosted its stake in shares of Pan American Silver by 42.4% in the second quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 1.4%

Shares of NYSE PAAS opened at $55.12 on Friday. The business has a 50-day moving average price of $47.62 and a 200 day moving average price of $38.59. The stock has a market cap of $23.25 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 0.34 and a beta of 0.67. The company has a quick ratio of 1.55, a current ratio of 2.31 and a debt-to-equity ratio of 0.12. Pan American Silver Corp. has a 52-week low of $20.55 and a 52-week high of $57.19.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $854.60 million during the quarter, compared to analyst estimates of $867.76 million. Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. Pan American Silver’s revenue was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. Equities research analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were paid a $0.14 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, November 24th. Pan American Silver’s dividend payout ratio (DPR) is presently 32.37%.

Analyst Upgrades and Downgrades

PAAS has been the subject of several analyst reports. Wall Street Zen cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Jefferies Financial Group reissued a “hold” rating and set a $50.00 price objective on shares of Pan American Silver in a research report on Sunday, December 7th. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Finally, CIBC lifted their price target on shares of Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.33.

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.