Knoll Capital Management LLC Takes Position in Pan American Silver Corp. $PAAS

Knoll Capital Management LLC bought a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 100,035 shares of the basic materials company’s stock, valued at approximately $3,874,000. Pan American Silver makes up 2.1% of Knoll Capital Management LLC’s holdings, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of PAAS. AQR Capital Management LLC boosted its holdings in shares of Pan American Silver by 48.6% during the first quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock worth $504,000 after purchasing an additional 6,391 shares during the period. Jones Financial Companies Lllp lifted its stake in Pan American Silver by 574.9% in the first quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock valued at $504,000 after acquiring an additional 16,626 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Pan American Silver by 31.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock valued at $38,728,000 after buying an additional 360,283 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Pan American Silver in the first quarter worth about $1,272,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Pan American Silver by 7.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 36,336 shares of the basic materials company’s stock worth $1,032,000 after acquiring an additional 2,420 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $56.33 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97. The firm has a 50 day simple moving average of $59.30 and a 200 day simple moving average of $47.37. Pan American Silver Corp. has a fifty-two week low of $20.55 and a fifty-two week high of $69.99. The firm has a market cap of $23.76 billion, a P/E ratio of 22.53, a P/E/G ratio of 0.52 and a beta of 0.61.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.21. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.35 earnings per share. The company’s revenue was up 44.7% on a year-over-year basis. Sell-side 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were given a dividend of $0.18 per share. This is an increase from Pan American Silver’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, March 2nd. Pan American Silver’s payout ratio is 28.80%.

Analysts Set New Price Targets

Several analysts recently issued reports on PAAS shares. Bank of America upped their price objective on shares of Pan American Silver from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Jefferies Financial Group dropped their price target on 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. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Pan American Silver currently has an average rating of “Moderate Buy” and an average price target of $56.60.

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.