Leuthold Group LLC Makes New Investment in Pan American Silver Corp. (NYSE:PAAS)

Leuthold Group LLC purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 132,743 shares of the basic materials company’s stock, valued at approximately $2,684,000.

Other large investors have also recently modified their holdings of the company. Creative Planning increased its holdings in Pan American Silver by 10.2% in the third 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 period. Raymond James & Associates increased its stake in shares of Pan American Silver by 10.4% in the third quarter. Raymond James & Associates now owns 249,300 shares of the basic materials company’s stock valued at $5,203,000 after buying an additional 23,543 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Pan American Silver by 8.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 439,700 shares of the basic materials company’s stock valued at $9,177,000 after buying an additional 35,400 shares during the period. Eastern Bank bought a new position in shares of Pan American Silver during the third quarter worth about $28,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Pan American Silver in the third quarter worth approximately $1,659,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Pan American Silver stock opened at $24.43 on Friday. The stock’s 50 day moving average price is $22.35 and its two-hundred day moving average price is $21.93. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 76.33 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. Pan American Silver Corp. has a 52-week low of $12.19 and a 52-week high of $26.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The business had revenue of $815.10 million during the quarter, compared to analysts’ expectations of $805.20 million. On average, equities analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is currently 125.00%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PAAS shares. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Royal Bank of Canada lifted their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.92.

Pan American Silver Profile

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.