Compound Planning Inc. Takes $318,000 Position in 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. purchased a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,318 shares of the basic materials company's stock, valued at approximately $318,000.

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

Pan American Silver Trading Up 1.2%

PAAS traded up $0.42 during trading on Tuesday, reaching $34.34. 10,996,981 shares of the stock traded hands, compared to its average volume of 4,392,040. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15. The stock's 50-day moving average is $30.14 and its 200 day moving average is $27.10. Pan American Silver Corp. has a 12 month low of $18.50 and a 12 month high of $35.00. The stock has a market capitalization of $12.42 billion, a PE ratio of 23.68, a P/E/G ratio of 0.46 and a beta of 0.65.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The company had revenue of $811.90 million for the quarter, compared to the consensus estimate of $782.12 million. During the same period in the previous year, the business earned $0.11 EPS. The firm's revenue was up 18.3% compared to the same quarter last year. Equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.12 per share. This is a positive change from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. Pan American Silver's payout ratio is 33.10%.

Wall Street Analysts Forecast Growth

PAAS has been the topic of several research reports. Zacks Research cut Pan American Silver from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. CIBC reissued an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 15th. TD Securities decreased their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, May 22nd. Finally, Wall Street Zen lowered shares of Pan American Silver from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Pan American Silver has a consensus rating of "Hold" and a consensus price target of $31.40.

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.