Leonteq Securities AG Acquires Shares of 36,171 Pan American Silver Corp. $PAAS

Leonteq Securities AG acquired a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, HoldingsChannel reports. The fund acquired 36,171 shares of the basic materials company’s stock, valued at approximately $1,874,000.

A number of other hedge funds have also recently bought and sold shares of PAAS. Parallel Advisors LLC grew its stake in Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Pan American Silver during the 3rd quarter valued at approximately $36,000. EverSource Wealth Advisors LLC grew its stake 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 valued at $40,000 after purchasing an additional 497 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in Pan American Silver during the 4th quarter valued at approximately $41,000. Finally, Assetmark Inc. grew its position in shares of Pan American Silver by 3,111.4% in the 3rd quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 1,089 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

PAAS has been the subject of several research reports. Scotiabank lifted their target price on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Monday, May 11th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and lifted their target price for the stock from $67.00 to $72.00 in a research report on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

Pan American Silver Price Performance

Shares of PAAS opened at $54.87 on Friday. The firm has a market cap of $23.12 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 0.43 and a beta of 0.65. The stock has a 50 day moving average of $55.51 and a 200-day moving average of $53.26. 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 Corp. has a 52 week low of $23.36 and a 52 week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The business’s revenue was up 49.3% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. As a group, analysts forecast that Pan American Silver Corp. will post 4.65 EPS for the current year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.3%. Pan American Silver’s dividend payout ratio (DPR) 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.