SCP Investment LP Takes Position in Pan American Silver Corp. (NYSE:PAAS)

Key Points

• SCP Investment LP invested approximately $253,000 in Pan American Silver Corp. by purchasing 9,800 shares in the first quarter.
• Institutional investors now own 55.43% of Pan American Silver's stock, with several hedge funds recently increasing their stakes.
• Pan American Silver reported $0.42 EPS and 28.6% year-over-year revenue growth in its latest quarterly earnings, significantly beating analyst expectations.

SCP Investment LP acquired a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,800 shares of the basic materials company's stock, valued at approximately $253,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new position in Pan American Silver during the first quarter valued at $33,000. Farther Finance Advisors LLC raised its position 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 worth $70,000 after purchasing an additional 775 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Pan American Silver by 507.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock valued at $116,000 after buying an additional 3,759 shares in the last quarter. Rossby Financial LCC acquired a new stake in Pan American Silver in the 1st quarter worth about $151,000. Finally, US Bancorp DE increased its stake 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 buying an additional 820 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Price Performance

Shares of NYSE PAAS traded up $1.74 during midday trading on Thursday, hitting $31.09. The company had a trading volume of 4,885,777 shares, compared to its average volume of 4,523,364. The business has a 50-day simple moving average of $28.49 and a two-hundred day simple moving average of $25.92. The firm has a market capitalization of $11.25 billion, a price-to-earnings ratio of 35.75, a price-to-earnings-growth ratio of 0.39 and a beta of 0.60. The company has a quick ratio of 1.94, a current ratio of 2.93 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a twelve month low of $18.15 and a twelve month high of $31.58.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. The business had revenue of $811.90 million during the quarter, compared to analysts' expectations of $782.12 million. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The company's revenue was up 18.3% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. Equities research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PAAS shares. CIBC reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. BMO Capital Markets assumed coverage on Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating on the stock. TD Securities decreased their target price on shares of 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. Finally, Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.40.

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.