Kiker Wealth Management LLC Has $57,000 Position in Pan American Silver Corp. $PAAS

Kiker Wealth Management LLC lifted its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 42.4% during the 2nd quarter, Holdings Channel reports. The firm owned 2,014 shares of the basic materials company’s stock after purchasing an additional 600 shares during the quarter. Kiker Wealth Management LLC’s holdings in Pan American Silver were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Concurrent Investment Advisors LLC acquired a new position in shares of Pan American Silver during the 1st quarter worth about $222,000. Vontobel Holding Ltd. acquired a new position in Pan American Silver in the 2nd quarter valued at about $2,521,000. D.A. Davidson & CO. acquired a new position in Pan American Silver in the 1st quarter valued at about $358,000. Intech Investment Management LLC grew its stake in Pan American Silver by 189.0% in the 1st quarter. Intech Investment Management LLC now owns 107,952 shares of the basic materials company’s stock valued at $2,788,000 after buying an additional 70,593 shares during the last quarter. Finally, Triasima Portfolio Management inc. grew its stake in Pan American Silver by 29.1% in the 2nd quarter. Triasima Portfolio Management inc. now owns 211,010 shares of the basic materials company’s stock valued at $5,975,000 after buying an additional 47,500 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PAAS has been the topic of a number of research reports. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. National Bank Financial raised shares of Pan American Silver to a “strong-buy” rating in a report on Thursday, September 4th. Wall Street Zen raised shares of Pan American Silver from a “buy” rating to a “strong-buy” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Pan American Silver in a report on Saturday, September 27th. Finally, National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Pan American Silver has an average rating of “Moderate Buy” and an average price target of $38.50.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $40.82 on Tuesday. The company has a 50 day moving average of $35.10 and a 200-day moving average of $29.60. Pan American Silver Corp. has a 1-year low of $19.80 and a 1-year high of $41.50. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15. The company has a market cap of $17.23 billion, a PE ratio of 28.15, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The company had revenue of $811.90 million during the quarter, compared to the consensus estimate of $782.12 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. As a group, equities research analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, August 18th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.10. Pan American Silver’s payout ratio is currently 33.10%.

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.