Osaic Holdings Inc. Raises Stake in Pan American Silver Corp. $PAAS

Osaic Holdings Inc. increased its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 299.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,087 shares of the basic materials company’s stock after purchasing an additional 108,012 shares during the quarter. Osaic Holdings Inc.’s holdings in Pan American Silver were worth $4,092,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its position in Pan American Silver by 53.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after buying an additional 594 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Pan American Silver during the 2nd quarter worth approximately $51,000. Kiker Wealth Management LLC grew its holdings in shares of Pan American Silver by 42.4% in the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 600 shares during the period. CWM LLC boosted its position in Pan American Silver by 32.1% during the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 550 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in Pan American Silver in the second quarter valued at $81,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Bank of America boosted their price objective on shares of Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. CIBC raised their price objective on shares of Pan American Silver from $50.00 to $62.00 and gave the stock an “outperformer” rating in a research note on Friday, October 10th. National Bank Financial raised Pan American Silver to a “strong-buy” rating in a research note on Thursday, September 4th. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. Finally, Wall Street Zen cut Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.33.

Pan American Silver Stock Down 0.2%

Shares of PAAS opened at $53.75 on Thursday. The firm has a market cap of $22.69 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 0.51 and a beta of 0.72. Pan American Silver Corp. has a fifty-two week low of $19.80 and a fifty-two week high of $54.41. The company has a quick ratio of 1.55, a current ratio of 2.31 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average is $41.48 and its two-hundred day moving average is $35.60.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pan American Silver had a net margin of 19.52% and a return on equity of 11.66%. The company had revenue of $854.60 million during the quarter, compared to analyst estimates of $867.76 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. Analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were issued a $0.14 dividend. This is a boost from Pan American Silver’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, November 24th. Pan American Silver’s dividend payout ratio is presently 32.37%.

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.