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

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

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in Pan American Silver by 48.6% during the first quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock valued at $504,000 after purchasing an additional 6,391 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Pan American Silver by 574.9% in the first quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock worth $504,000 after purchasing an additional 16,626 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of 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 purchasing an additional 360,283 shares during the period. Empowered Funds LLC bought a new stake in shares of Pan American Silver in the first quarter valued at approximately $1,272,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Pan American Silver by 53.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after buying an additional 594 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Performance

Shares of PAAS opened at $51.31 on Friday. Pan American Silver Corp. has a 12-month low of $33.08 and a 12-month high of $69.99. The company has a current ratio of 2.94, a quick ratio of 2.23 and a debt-to-equity ratio of 0.11. The company has a market cap of $21.30 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 5.18 and a beta of 0.77. The stock has a 50-day moving average price of $47.20 and a 200-day moving average price of $52.46.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.11). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%.The firm’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same quarter last year, the company posted $0.43 earnings per share. As a group, equities analysts forecast that Pan American Silver Corp. will post 3.81 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were paid a dividend of $0.184 per share. This represents a $0.74 annualized dividend and a yield of 1.4%. This is an increase 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 dividend payout ratio is presently 22.36%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Bank of America cut their price objective on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, July 9th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pan American Silver in a research note on Thursday, August 13th. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a report on Tuesday, July 14th. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Monday, May 11th. Finally, TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and raised their price target for the company from $67.00 to $72.00 in a report on Tuesday, May 12th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.43.

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.