Old Peak Finance LLC Acquires New Position in Pan American Silver Corp. $PAAS

Old Peak Finance LLC acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,644 shares of the basic materials company’s stock, valued at approximately $655,000. Pan American Silver comprises 0.4% of Old Peak Finance LLC’s investment portfolio, making the stock its 29th largest holding.

A number of other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of Pan American Silver by 48.6% in the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock valued at $504,000 after buying an additional 6,391 shares during the period. Jones Financial Companies Lllp raised its position in shares of Pan American Silver by 574.9% during the 1st quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock valued at $504,000 after buying an additional 16,626 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Pan American Silver by 31.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock valued at $38,728,000 after acquiring an additional 360,283 shares during the last quarter. Empowered Funds LLC acquired a new position in Pan American Silver in the first quarter valued at approximately $1,272,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Pan American Silver by 53.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 594 shares during the period. 55.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a report on Tuesday, May 12th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Monday, May 11th. Finally, TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and upped their target price for the company from $67.00 to $72.00 in a research report on Tuesday, May 12th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Pan American Silver Trading Down 2.5%

Shares of NYSE PAAS opened at $55.59 on Tuesday. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $23.42 billion, a PE ratio of 17.87, a PEG ratio of 0.45 and a beta of 0.65. Pan American Silver Corp. has a twelve month low of $24.90 and a twelve month high of $69.99. The stock has a fifty day simple moving average of $55.41 and a 200-day simple moving average of $54.24.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.Pan American Silver’s revenue was up 49.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. On average, equities analysts forecast that Pan American Silver Corp. will post 4.65 earnings per share for the current year.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio is currently 23.15%.

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.