Pan American Silver Corp. $PAAS Stake Raised by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. raised its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 113.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,340,842 shares of the basic materials company’s stock after purchasing an additional 712,819 shares during the period. Pan American Silver comprises 0.9% of Waratah Capital Advisors Ltd.’s holdings, making the stock its 6th largest position. Waratah Capital Advisors Ltd.’s holdings in Pan American Silver were worth $51,931,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Rothschild Investment LLC purchased a new stake in Pan American Silver during the 3rd quarter worth approximately $36,000. City State Bank increased its holdings in shares of Pan American Silver by 74.4% in the third quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 435 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Pan American Silver by 93.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after buying an additional 497 shares in the last quarter. Assetmark Inc. boosted its stake in Pan American Silver by 3,111.4% during the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after buying an additional 1,089 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Pan American Silver by 53.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 594 shares during the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PAAS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Scotiabank increased their price target on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Jefferies Financial Group dropped their price target 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. Finally, Canadian Imperial Bank of Commerce set a $88.00 price objective on Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

Pan American Silver Stock Up 0.2%

Pan American Silver stock opened at $65.30 on Wednesday. The stock has a 50 day moving average of $56.69 and a two-hundred day moving average of $44.43. Pan American Silver Corp. has a twelve month low of $20.55 and a twelve month high of $69.99. The stock has a market capitalization of $27.55 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 0.62 and a beta of 0.66. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.21. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company earned $0.35 earnings per share. The company’s revenue for the quarter was up 44.7% on a year-over-year basis. As a group, research analysts expect 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 will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, March 2nd. Pan American Silver’s payout ratio is currently 22.40%.

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.