Oakmont Investment Advisors Inc. Makes New Investment in Pan American Silver Corp. $PAAS

Oakmont Investment Advisors Inc. acquired a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,975 shares of the basic materials company’s stock, valued at approximately $492,000.

A number of other institutional investors also recently made changes to their positions in PAAS. RFG Advisory LLC grew its holdings in shares of Pan American Silver by 2.5% during the 1st quarter. RFG Advisory LLC now owns 7,731 shares of the basic materials company’s stock valued at $422,000 after purchasing an additional 191 shares during the last quarter. Grand Central Investment Group boosted its position in Pan American Silver by 0.5% during the first quarter. Grand Central Investment Group now owns 44,801 shares of the basic materials company’s stock valued at $2,447,000 after buying an additional 211 shares during the period. Metis Global Partners LLC boosted its position in Pan American Silver by 1.5% during the fourth quarter. Metis Global Partners LLC now owns 16,646 shares of the basic materials company’s stock valued at $863,000 after buying an additional 239 shares during the period. North Star Investment Management Corp. grew its stake in shares of Pan American Silver by 7.8% during the first quarter. North Star Investment Management Corp. now owns 3,451 shares of the basic materials company’s stock valued at $189,000 after buying an additional 251 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in shares of Pan American Silver by 2.3% during the fourth quarter. Ieq Capital LLC now owns 11,329 shares of the basic materials company’s stock valued at $587,000 after buying an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PAAS. TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Monday, May 11th. Wall Street Zen downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Zacks Research raised Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Bank of America cut their target price on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Stock Down 2.5%

NYSE PAAS opened at $51.31 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. The stock has a market capitalization of $21.30 billion, a PE ratio of 15.50, a PEG ratio of 5.18 and a beta of 0.77. Pan American Silver Corp. has a 1 year low of $33.08 and a 1 year high of $69.99. The business’s 50-day moving average is $47.20 and its 200 day moving average is $52.46.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. Sell-side analysts forecast that Pan American Silver Corp. will post 3.81 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were paid a dividend of $0.184 per share. This represents a $0.74 annualized dividend and a dividend yield of 1.4%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, August 24th. Pan American Silver’s payout ratio is presently 22.36%.

Pan American Silver 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.