SCP Investment LP Invests $253,000 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 bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,800 shares of the basic materials company's stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Graybill Wealth Management LTD. acquired a new position in Pan American Silver in the first quarter valued at about $33,000. Farther Finance Advisors LLC raised its stake in 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 valued at $70,000 after purchasing an additional 775 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Pan American Silver by 507.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock valued at $116,000 after purchasing an additional 3,759 shares in the last quarter. Rossby Financial LCC acquired a new position in Pan American Silver in the first quarter valued at about $151,000. Finally, US Bancorp DE raised its stake in 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 valued at $180,000 after purchasing an additional 820 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. TD Securities reduced their price target on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. BMO Capital Markets began coverage on Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating on the stock. Finally, Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $31.40.

Pan American Silver Price Performance

Shares of PAAS opened at $27.02 on Friday. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $31.03. The business's fifty day moving average is $28.21 and its 200 day moving average is $25.79. The company has a quick ratio of 1.94, a current ratio of 2.93 and a debt-to-equity ratio of 0.16. The stock has a market cap of $9.78 billion, a P/E ratio of 31.06, a P/E/G ratio of 0.36 and a beta of 0.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly 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 business had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. Pan American Silver's quarterly revenue was up 28.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 EPS. Sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's dividend payout ratio is presently 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.

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