Strategic Financial Concepts LLC Makes New Investment in Pan American Silver Corp. (NYSE:PAAS)

Strategic Financial Concepts LLC purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 36,340 shares of the basic materials company’s stock, valued at approximately $735,000.

A number of other institutional investors have also recently bought and sold shares of PAAS. Creative Planning lifted its holdings in Pan American Silver by 10.2% during the 3rd quarter. Creative Planning now owns 33,004 shares of the basic materials company’s stock valued at $689,000 after purchasing an additional 3,051 shares during the last quarter. Raymond James & Associates lifted its holdings in Pan American Silver by 10.4% during the 3rd quarter. Raymond James & Associates now owns 249,300 shares of the basic materials company’s stock valued at $5,203,000 after purchasing an additional 23,543 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Pan American Silver by 8.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 439,700 shares of the basic materials company’s stock valued at $9,177,000 after purchasing an additional 35,400 shares during the last quarter. Eastern Bank acquired a new position in Pan American Silver in the 3rd quarter valued at about $28,000. Finally, International Assets Investment Management LLC acquired a new position in Pan American Silver in the 3rd quarter valued at about $1,659,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on PAAS. Royal Bank of Canada upped their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Pan American Silver has an average rating of “Moderate Buy” and a consensus price target of $25.92.

Pan American Silver Trading Down 1.6 %

PAAS stock opened at $24.29 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. Pan American Silver Corp. has a 52 week low of $12.19 and a 52 week high of $26.05. The company’s 50-day simple moving average is $22.25 and its 200 day simple moving average is $21.88. The company has a market capitalization of $8.82 billion, a PE ratio of -142.84 and a beta of 1.28.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Pan American Silver had a negative net margin of 2.37% and a positive return on equity of 3.07%. As a group, sell-side analysts anticipate that Pan American Silver Corp. will post 0.78 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.65%. Pan American Silver’s dividend payout ratio (DPR) is currently -235.29%.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.