MH & Associates Securities Management Corp ADV Invests $4.82 Million in Pan American Silver Corp. $PAAS

MH & Associates Securities Management Corp ADV bought a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 93,027 shares of the basic materials company’s stock, valued at approximately $4,820,000. Pan American Silver makes up about 3.9% of MH & Associates Securities Management Corp ADV’s holdings, making the stock its 2nd largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PAAS. Parallel Advisors LLC lifted its holdings in shares of Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Pan American Silver during the third quarter valued at $36,000. City State Bank lifted its holdings in shares of Pan American Silver by 74.4% during the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 435 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Pan American Silver by 93.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 497 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Pan American Silver by 3,111.4% during the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 1,089 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Up 2.0%

PAAS opened at $57.32 on Thursday. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 1-year low of $22.08 and a 1-year high of $69.99. The company has a market capitalization of $24.18 billion, a PE ratio of 22.93, a PEG ratio of 0.45 and a beta of 0.75. The firm’s 50 day simple moving average is $57.49 and its two-hundred day simple moving average is $49.35.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.21. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm earned $0.35 earnings per share. The company’s quarterly revenue was up 44.7% on a year-over-year basis. As a group, equities analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.3%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. Pan American Silver’s dividend payout ratio is 28.80%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce set a $88.00 price objective on shares of Pan American Silver and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Scotiabank increased their price objective on shares of Pan American Silver from $47.00 to $64.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 22nd. Finally, Jefferies Financial Group lowered their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

About Pan American Silver

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.