Leonteq Securities AG Takes Position in Pan American Silver Corp. $PAAS

Leonteq Securities AG acquired a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 36,171 shares of the basic materials company’s stock, valued at approximately $1,874,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of Pan American Silver by 151.8% in the 3rd 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 acquired a new position in shares of Pan American Silver in the 3rd quarter valued at about $36,000. EverSource Wealth Advisors LLC lifted its stake in shares of Pan American Silver by 93.6% in the 3rd 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. Laurel Wealth Advisors LLC acquired a new position in shares of Pan American Silver in the 4th quarter valued at about $41,000. Finally, Assetmark Inc. lifted its stake in shares of Pan American Silver by 3,111.4% in the 3rd 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 and hedge funds.

Pan American Silver Price Performance

PAAS stock opened at $54.87 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.84. Pan American Silver Corp. has a 1 year low of $23.36 and a 1 year high of $69.99. The firm has a market cap of $23.12 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 0.43 and a beta of 0.65. The stock has a 50-day simple moving average of $55.51 and a 200-day simple moving average of $53.26.

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, beating analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm earned $0.42 earnings per share. The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. On average, equities analysts predict that Pan American Silver Corp. will post 4.65 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is 23.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and increased their target price for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Monday, May 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.00.

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.