Campbell & CO Investment Adviser LLC Buys 119,028 Shares of Pan American Silver Corp. $PAAS

Key Points

• Campbell & CO Investment Adviser LLC boosted its Pan American Silver stake by 363.2% in Q3, buying 119,028 shares to hold 151,801 shares worth $5.88M, while other institutions (notably North of South Capital) also made large purchases, leaving institutions with 55.43% ownership.
• Pan American Silver slightly missed Q3 expectations with $0.48 EPS vs. $0.49 expected and revenue of $854.6M (below $867.8M) but revenue was up 19.3% year-over-year, and the company raised its quarterly dividend to $0.14 (annualized $0.56, ~1.0% yield).
• The stock trades around $55.78 with a $23.5B market cap and a consensus analyst rating of "Moderate Buy" (consensus price target $44.33), reflecting mixed broker views despite recent target upgrades from some banks.

Campbell & CO Investment Adviser LLC boosted its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 363.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,801 shares of the basic materials company's stock after buying an additional 119,028 shares during the period. Pan American Silver accounts for approximately 0.4% of Campbell & CO Investment Adviser LLC's portfolio, making the stock its 15th largest position. Campbell & CO Investment Adviser LLC's holdings in Pan American Silver were worth $5,879,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pullen Investment Management LLC bought a new stake in shares of Pan American Silver during the third quarter valued at approximately $255,000. Fractal Investments LLC purchased a new position in Pan American Silver during the third quarter valued at $216,000. PKO Investment Management Joint Stock Co lifted its position in Pan American Silver by 10.1% during the third quarter. PKO Investment Management Joint Stock Co now owns 141,224 shares of the basic materials company's stock valued at $5,476,000 after buying an additional 12,958 shares during the period. North of South Capital LLP boosted its holdings in shares of Pan American Silver by 444.2% during the 3rd quarter. North of South Capital LLP now owns 3,000,056 shares of the basic materials company's stock valued at $116,192,000 after buying an additional 2,448,778 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Pan American Silver in the 3rd quarter worth about $416,000. Institutional investors own 55.43% of the company's stock.

Pan American Silver Trading Down 0.6%

Shares of NYSE:PAAS opened at $55.78 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.31 and a quick ratio of 1.55. Pan American Silver Corp. has a 1 year low of $20.55 and a 1 year high of $57.19. The company has a market cap of $23.53 billion, a P/E ratio of 32.24, a PEG ratio of 0.34 and a beta of 0.67. The stock's fifty day moving average price is $47.21 and its 200-day moving average price is $38.33.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). The business had revenue of $854.60 million during the quarter, compared to analysts' expectations of $867.76 million. Pan American Silver had a return on equity of 11.66% and a net margin of 19.52%.Pan American Silver's quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the firm posted $0.32 EPS. Sell-side analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PAAS. Zacks Research cut shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 31st. Wall Street Zen lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Saturday, January 10th. Scotiabank upped their price target on Pan American Silver from $36.00 to $47.00 and gave the stock an "outperform" rating in a research note on Thursday, October 23rd. Jefferies Financial Group reaffirmed a "hold" rating and set a $50.00 price objective on shares of Pan American Silver in a research report on Sunday, December 7th. Finally, Bank of America boosted their target price on Pan American Silver from $46.00 to $51.00 and gave the stock a "buy" rating in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Pan American Silver presently has a consensus 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.

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