Brookwood Investment Group LLC Makes New Investment in Pan American Silver Corp. (NYSE:PAAS)

Key Points

• Brookwood Investment Group LLC has opened a new position in Pan American Silver Corp., purchasing 9,198 shares valued at approximately $238,000.
• Recent quarterly earnings showed Pan American Silver exceeded consensus estimates, reporting $0.42 earnings per share and a revenue increase of 28.6% year-over-year.
• The company has announced a dividend of $0.10 per share, translating to an annual yield of 1.37% with a payout ratio of 45.98%.

Brookwood Investment Group LLC acquired a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,198 shares of the basic materials company's stock, valued at approximately $238,000.

Several other hedge funds have also bought and sold shares of PAAS. Cadence Wealth Management LLC boosted its stake in shares of Pan American Silver by 3.4% in the first quarter. Cadence Wealth Management LLC now owns 41,130 shares of the basic materials company's stock worth $1,062,000 after acquiring an additional 1,342 shares during the period. Ninepoint Partners LP bought a new position in shares of Pan American Silver in the first quarter worth about $1,231,000. Choreo LLC bought a new position in shares of Pan American Silver in the first quarter worth about $284,000. Financial Sense Advisors Inc. boosted its stake in shares of Pan American Silver by 30.4% in the first quarter. Financial Sense Advisors Inc. now owns 943,173 shares of the basic materials company's stock worth $24,362,000 after acquiring an additional 220,006 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in shares of Pan American Silver by 96.2% in the first quarter. Allianz Asset Management GmbH now owns 71,638 shares of the basic materials company's stock worth $1,850,000 after acquiring an additional 35,124 shares during the period. Institutional investors own 55.43% of the company's stock.

Analysts Set New Price Targets

PAAS has been the topic of a number of research analyst reports. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Finally, TD Securities decreased their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Pan American Silver presently has a consensus rating of "Moderate Buy" and an average target price of $31.40.

Pan American Silver Trading Down 0.8%

PAAS stock traded down $0.24 during midday trading on Wednesday, reaching $28.14. 647,225 shares of the company traded hands, compared to its average volume of 4,487,125. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $31.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.94 and a current ratio of 2.93. The business has a 50 day moving average of $28.03 and a 200-day moving average of $25.67. The firm has a market capitalization of $10.18 billion, a price-to-earnings ratio of 32.34, a P/E/G ratio of 0.40 and a beta of 0.67.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. The firm had revenue of $773.20 million for the quarter, compared to analysts' expectations of $696.62 million. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The company's quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 earnings per share. As a group, sell-side analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 annualized dividend and a yield of 1.42%. Pan American Silver's payout ratio is currently 45.98%.

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.