RWA Wealth Partners LLC Makes New Investment in Pan American Silver Corp. $PAAS

RWA Wealth Partners LLC bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 14,710 shares of the basic materials company’s stock, valued at approximately $570,000.

Several other institutional investors have also recently added to or reduced their stakes in PAAS. Rothschild Investment LLC bought a new stake in shares of Pan American Silver in the 3rd quarter valued at approximately $36,000. City State Bank lifted its stake 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 worth $40,000 after buying an additional 435 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 497 shares during the last quarter. Assetmark Inc. increased its stake in shares of Pan American Silver by 3,111.4% in the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 1,089 shares during the period. Finally, Wolverine Asset Management LLC acquired a new stake in Pan American Silver in the 3rd quarter valued at approximately $58,000. Institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on PAAS shares. Bank of America upped their target price on shares of Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Canadian Imperial Bank of Commerce set a $88.00 price target on Pan American Silver and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Scotiabank boosted their price target on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Pan American Silver has an average rating of “Moderate Buy” and a consensus price target of $56.60.

Pan American Silver Trading Up 1.7%

NYSE PAAS opened at $68.66 on Friday. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $28.97 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 0.64 and a beta of 0.66. The stock’s 50-day simple moving average is $57.66 and its two-hundred day simple moving average is $44.98. Pan American Silver Corp. has a twelve month low of $20.55 and a twelve month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.21. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.Pan American Silver’s revenue for the quarter was up 44.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.0%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, March 2nd. Pan American Silver’s dividend payout ratio is currently 22.40%.

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.