Compound Planning Inc. Acquires Shares of 12,318 Pan American Silver Corp. $PAAS

Key Points

• Compound Planning Inc. has acquired 12,318 shares of Pan American Silver Corp. (NYSE: PAAS), valued at approximately $318,000, as reported in their latest 13F filing.
• Pan American Silver recently increased its quarterly dividend to $0.12 per share from the previous $0.10, reflecting a boost in its annualized dividend yield to 1.5%.
• Despite a recent downgrade from Zacks Research from a "strong-buy" to a "hold" rating, the stock still has an average rating of "Hold" across analysts with a consensus target price of $31.40.

Compound Planning Inc. bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 12,318 shares of the basic materials company's stock, valued at approximately $318,000.

Several other hedge funds have also added to or reduced their stakes in PAAS. Signaturefd LLC increased its stake in shares of Pan American Silver by 8.1% in the 1st quarter. Signaturefd LLC now owns 8,567 shares of the basic materials company's stock worth $221,000 after acquiring an additional 643 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Pan American Silver by 39.8% in the first quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock worth $70,000 after acquiring an additional 775 shares during the period. US Bancorp DE increased its holdings in shares of Pan American Silver by 13.4% in the first quarter. US Bancorp DE now owns 6,959 shares of the basic materials company's stock worth $180,000 after purchasing an additional 820 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Pan American Silver by 4.3% in the 1st quarter. Blair William & Co. IL now owns 21,718 shares of the basic materials company's stock valued at $561,000 after acquiring an additional 900 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Pan American Silver by 3.2% in the first quarter. Envestnet Asset Management Inc. now owns 33,916 shares of the basic materials company's stock valued at $876,000 after acquiring an additional 1,054 shares during the period. 55.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on PAAS. Zacks Research cut shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Wall Street Zen downgraded Pan American Silver from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Finally, TD Securities decreased their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, May 22nd. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $31.40.

Pan American Silver Stock Down 0.3%

Shares of Pan American Silver stock opened at $33.01 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.11 and a current ratio of 3.05. Pan American Silver Corp. has a one year low of $18.50 and a one year high of $33.21. The company has a market cap of $11.94 billion, a P/E ratio of 22.77, a PEG ratio of 0.44 and a beta of 0.60. The firm has a fifty day moving average of $29.74 and a two-hundred day moving average of $26.84.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. The firm had revenue of $811.90 million for the quarter, compared to analysts' expectations of $782.12 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The firm's revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 EPS. On average, analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date is Monday, August 18th. Pan American Silver's payout ratio is presently 33.10%.

Pan American Silver Company 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.

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