Genesis Financial Group LLC Makes New Investment in Pan American Silver Corp. $PAAS

Genesis Financial Group LLC acquired a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 12,132 shares of the basic materials company’s stock, valued at approximately $629,000.

Other hedge funds also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC increased its holdings in Pan American Silver by 4.2% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,507 shares of the basic materials company’s stock worth $337,000 after acquiring an additional 262 shares in the last quarter. Harvest Portfolios Group Inc. lifted its holdings in Pan American Silver by 0.9% during the third quarter. Harvest Portfolios Group Inc. now owns 36,240 shares of the basic materials company’s stock valued at $1,404,000 after purchasing an additional 318 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in Pan American Silver by 7.9% during the fourth quarter. CoreCap Advisors LLC now owns 4,535 shares of the basic materials company’s stock valued at $235,000 after purchasing an additional 331 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Pan American Silver by 18.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,373 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 364 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 387 shares during the period. 55.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on PAAS shares. Jefferies Financial Group decreased their price objective on shares of Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Scotiabank increased their price target on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Zacks Research raised Pan American Silver from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus target price of $56.60.

Pan American Silver Trading Up 0.4%

Pan American Silver stock opened at $55.80 on Friday. The stock has a market cap of $23.54 billion, a P/E ratio of 22.32, a PEG ratio of 0.45 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97. Pan American Silver Corp. has a 1 year low of $20.55 and a 1 year high of $69.99. The firm’s 50 day moving average price is $58.18 and its 200-day moving average price is $48.69.

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 for the quarter, topping analysts’ consensus estimates of $0.90 by $0.21. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. 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 business earned $0.35 earnings per share. On average, equities analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, March 2nd. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s dividend payout ratio is presently 28.80%.

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.