Old Peak Finance LLC Buys New Stake in Pan American Silver Corp. $PAAS

Old Peak Finance LLC purchased 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 (SEC). The institutional investor purchased 12,644 shares of the basic materials company’s stock, valued at approximately $655,000. Pan American Silver comprises approximately 0.4% of Old Peak Finance LLC’s investment portfolio, making the stock its 29th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 387 shares during the period. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver in the fourth quarter valued at approximately $41,000. Rothschild Investment LLC acquired a new position in Pan American Silver in the third quarter valued at approximately $36,000. Trust Co. of Vermont purchased a new stake in Pan American Silver in the 4th quarter worth approximately $48,000. Finally, Allworth Financial LP boosted its position in Pan American Silver by 92.9% in the 4th quarter. Allworth Financial LP now owns 1,005 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 484 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and lifted their price objective for the company from $67.00 to $72.00 in a report on Tuesday, May 12th. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, TD Securities raised 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. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and an average target price of $68.00.

Pan American Silver Stock Performance

NYSE:PAAS opened at $55.59 on Tuesday. The company has a market cap of $23.42 billion, a P/E ratio of 17.87, a P/E/G 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 company’s 50-day moving average price is $55.41 and its 200-day moving average price is $54.24. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11.

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

Pan American Silver Dividend Announcement

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

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.