MH & Associates Securities Management Corp ADV Invests $4.82 Million in Pan American Silver Corp. $PAAS

MH & Associates Securities Management Corp ADV acquired a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 93,027 shares of the basic materials company’s stock, valued at approximately $4,820,000. Pan American Silver makes up 3.9% of MH & Associates Securities Management Corp ADV’s investment portfolio, making the stock its 2nd biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Yousif Capital Management LLC bought a new stake in shares of Pan American Silver during the 4th quarter valued at $218,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. raised its position in shares of Pan American Silver by 24.2% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 51,850 shares of the basic materials company’s stock valued at $2,732,000 after purchasing an additional 10,100 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of Pan American Silver during the 4th quarter valued at $67,000. Signaturefd LLC raised its position in shares of Pan American Silver by 28.8% during the 4th quarter. Signaturefd LLC now owns 12,724 shares of the basic materials company’s stock valued at $659,000 after purchasing an additional 2,848 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Pan American Silver during the 4th quarter valued at $246,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Performance

Shares of NYSE PAAS opened at $57.32 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 2.69. The company has a market cap of $24.18 billion, a P/E ratio of 22.93, a P/E/G ratio of 0.45 and a beta of 0.75. The firm’s fifty day moving average is $57.49 and its two-hundred day moving average is $49.35. Pan American Silver Corp. has a 52-week low of $22.08 and a 52-week high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. As a group, analysts anticipate that Pan American Silver Corp. will post 1.26 EPS 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 issued a $0.18 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. Pan American Silver’s payout ratio is presently 28.80%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. 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. Wall Street Zen raised Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. Canadian Imperial Bank of Commerce set a $88.00 target price on Pan American Silver and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, Zacks Research raised Pan American Silver from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.60.

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.