Triasima Portfolio Management inc. Acquires 30,995 Shares of Pan American Silver Corp. $PAAS

Triasima Portfolio Management inc. grew its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 14.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 242,005 shares of the basic materials company’s stock after purchasing an additional 30,995 shares during the period. Pan American Silver makes up approximately 1.4% of Triasima Portfolio Management inc.’s holdings, making the stock its 17th largest position. Triasima Portfolio Management inc. owned approximately 0.06% of Pan American Silver worth $9,380,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. City State Bank raised its holdings in Pan American Silver by 74.4% in the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 435 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Pan American Silver by 53.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 594 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in shares of Pan American Silver during the second quarter valued at $51,000. Kiker Wealth Management LLC boosted its position in shares of Pan American Silver by 42.4% during the second quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock valued at $57,000 after buying an additional 600 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in Pan American Silver in the 3rd quarter worth about $58,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

PAAS has been the topic of a number of recent analyst reports. CIBC raised their price target on shares of Pan American Silver from $50.00 to $62.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Jefferies Financial Group reissued a “hold” rating and set a $50.00 price target on shares of Pan American Silver in a report on Sunday, December 7th. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Bank of America boosted their price target on Pan American Silver from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and an average target price of $44.33.

Pan American Silver Trading Up 4.9%

Shares of NYSE:PAAS opened at $57.89 on Tuesday. Pan American Silver Corp. has a 12-month low of $20.55 and a 12-month high of $58.14. The company has a market cap of $24.42 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 0.34 and a beta of 0.67. The stock has a 50 day moving average of $47.97 and a 200 day moving average of $38.84. The company has a current ratio of 2.31, a quick ratio of 1.55 and a debt-to-equity ratio of 0.12.

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

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were issued a dividend of $0.14 per share. 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 payout ratio is 32.37%.

Pan American Silver 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.