34,982 Shares in Pan American Silver Corp. $PAAS Purchased by Walser Wealth Management Company A Ltd Liability Co

Key Points

• Walser Wealth Management purchased 34,982 Pan American Silver shares worth approximately $1.59 million during the third quarter. Institutional investors and hedge funds collectively own 55.43% of PAAS.
• Pan American Silver reported quarterly revenue of $1.12 billion, up 38.4% year over year, but earnings of $0.73 per share fell short of analysts’ $0.84 consensus estimate.
• The company increased its quarterly dividend to C$0.18 per share, representing an annualized yield of about 1.7%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $67.71.

Walser Wealth Management Company A Ltd Liability Co purchased a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 34,982 shares of the basic materials company's stock, valued at approximately $1,592,000.

Several other institutional investors and hedge funds have also made changes to their positions in PAAS. RFG Advisory LLC grew its holdings in shares of Pan American Silver by 2.5% during the first quarter. RFG Advisory LLC now owns 7,731 shares of the basic materials company's stock valued at $422,000 after buying an additional 191 shares during the last quarter. Grand Central Investment Group raised its stake in Pan American Silver by 0.5% in the 1st quarter. Grand Central Investment Group now owns 44,801 shares of the basic materials company's stock worth $2,447,000 after acquiring an additional 211 shares during the last quarter. North Star Investment Management Corp. raised its stake in Pan American Silver by 7.8% in the 1st quarter. North Star Investment Management Corp. now owns 3,451 shares of the basic materials company's stock worth $189,000 after acquiring an additional 251 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in Pan American Silver by 4.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,266 shares of the basic materials company's stock worth $460,000 after acquiring an additional 419 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Pan American Silver by 1,336.1% during the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company's stock worth $28,000 after acquiring an additional 481 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

Shares of NYSE PAAS opened at $43.82 on Friday. The company has a 50 day simple moving average of $49.07 and a two-hundred day simple moving average of $50.20. The stock has a market cap of $18.13 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 4.17 and a beta of 0.75. The company has a current ratio of 2.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 12 month low of $33.08 and a 12 month high of $69.99.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.11). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%. The firm's revenue was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS. As a group, analysts predict that Pan American Silver Corp. will post 3.80 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 24th were given a dividend of C$0.18 per share. This is a boost from Pan American Silver's previous quarterly dividend of C$0.18. This represents a $0.74 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, August 24th. Pan American Silver's payout ratio is presently 22.36%.

Wall Street Analyst Weigh In

Several analysts have weighed in on PAAS shares. Zacks Research upgraded Pan American Silver from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 18th. Scotiabank reissued an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 14th. Weiss Ratings upgraded Pan American Silver from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Royal Bank Of Canada reduced their price objective on Pan American Silver from $65.00 to $56.00 and set an "outperform" rating for the company in a research note on Wednesday, September 16th. Finally, Bank of America decreased their target price on Pan American Silver from $77.00 to $69.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $67.71.

Pan American Silver Profile

Pan American Silver Corp. is a precious metals mining company focused on the exploration, development, and operation of silver and gold mines. The company produces silver, gold, zinc, lead, and copper, with silver and gold representing its principal products.

Founded in 1994, Pan American Silver is headquartered in Vancouver, British Columbia, and has developed a portfolio of mining operations and projects across the Americas. Its activities have included operations in Canada, Mexico, Peru, Bolivia, Argentina, Brazil, and Chile, although its operating portfolio can change as assets are developed, acquired, or divested.

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