Ieq Capital LLC Invests $436,000 in Pan American Silver Corp. $PAAS

Ieq Capital LLC acquired a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,736 shares of the basic materials company’s stock, valued at approximately $436,000.

A number of other large investors also recently modified their holdings of PAAS. Fund Advisors of America Inc FL bought a new position in Pan American Silver during the second quarter valued at approximately $530,000. Allworth Financial LP purchased a new position in shares of Pan American Silver during the second quarter worth approximately $72,000. NFJ Investment Group LLC bought a new stake in shares of Pan American Silver in the 2nd quarter worth approximately $25,000. Hara Capital LLC bought a new stake in shares of Pan American Silver in the 2nd quarter worth approximately $842,000. Finally, Ninepoint Partners LP purchased a new stake in shares of Pan American Silver in the 2nd quarter valued at $7,225,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Down 3.4%

Shares of Pan American Silver stock opened at $53.00 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94. Pan American Silver Corp. has a 52-week low of $32.95 and a 52-week high of $69.99. The stock has a market capitalization of $22.10 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 5.12 and a beta of 0.73. The company’s 50 day moving average price is $46.65 and its 200-day moving average price is $52.70.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The company’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. Equities research analysts forecast that Pan American Silver Corp. will post 4.02 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be given a $0.184 dividend. The ex-dividend date is Monday, August 24th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.4%. Pan American Silver’s dividend payout ratio is presently 22.36%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PAAS shares. Jefferies Financial Group reduced their target price on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, July 6th. TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Monday, May 11th. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and upped their price target for the company from $67.00 to $72.00 in a research report on Tuesday, May 12th. Weiss Ratings cut Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Finally, Zacks Research raised Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $70.43.

Pan American Silver Company 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.