Pan American Silver Corp. $PAAS Shares Purchased by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC boosted its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 64.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,704 shares of the basic materials company’s stock after acquiring an additional 25,023 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Pan American Silver were worth $3,301,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Pan American Silver in the 3rd quarter valued at approximately $1,074,000. Vanguard Group Inc. increased its position in Pan American Silver by 21.2% in the 3rd quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock valued at $666,192,000 after acquiring an additional 3,006,055 shares during the period. TD Asset Management Inc increased its position in Pan American Silver by 13.9% in the 3rd quarter. TD Asset Management Inc now owns 2,251,564 shares of the basic materials company’s stock valued at $87,270,000 after acquiring an additional 274,591 shares during the period. First Eagle Investment Management LLC acquired a new stake in Pan American Silver in the 3rd quarter valued at approximately $178,004,000. Finally, Caprock Group LLC acquired a new stake in Pan American Silver in the 3rd quarter valued at approximately $1,443,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PAAS has been the topic of several analyst reports. 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 report on Wednesday, February 4th. Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, May 12th. TD Securities upgraded Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Monday, May 11th. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and raised their target price for the company from $67.00 to $72.00 in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Pan American Silver in a research report on Tuesday, April 28th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.00.

Pan American Silver Stock Performance

Shares of NYSE PAAS opened at $52.67 on Thursday. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $22.19 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 0.43 and a beta of 0.67. The stock’s fifty day simple moving average is $55.65 and its 200 day simple moving average is $54.46. Pan American Silver Corp. has a 52-week low of $26.12 and a 52-week high of $69.99.

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

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is 23.15%.

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.