Genesis Financial Group LLC Acquires New Shares in Pan American Silver Corp. $PAAS

Genesis Financial Group LLC bought a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,132 shares of the basic materials company’s stock, valued at approximately $629,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. 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 stake in Pan American Silver in the 3rd quarter worth about $36,000. Trust Co. of Vermont purchased a new position in Pan American Silver in the 4th quarter worth about $48,000. City State Bank lifted its stake in Pan American Silver by 74.4% during the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 435 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 497 shares during the period. Institutional investors own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Zacks Research upgraded shares of Pan American Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group decreased their target price on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

Pan American Silver Price Performance

NYSE PAAS opened at $55.80 on Friday. The company has a 50-day moving average price of $58.18 and a 200-day moving average price of $48.69. Pan American Silver Corp. has a 52 week low of $20.55 and a 52 week high of $69.99. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $23.54 billion, a P/E ratio of 22.32, a PEG ratio of 0.45 and a beta of 0.75.

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

Pan American Silver Increases Dividend

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

Pan American Silver Company Profile

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.