Credit Industriel ET Commercial Acquires New Holdings in Pan American Silver Corp. (NYSE:PAAS)

Credit Industriel ET Commercial bought a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the fourth quarter, according to its most recent filing with the SEC. The firm bought 422,200 shares of the basic materials company's stock, valued at approximately $8,537,000. Pan American Silver comprises 1.2% of Credit Industriel ET Commercial's holdings, making the stock its 7th biggest holding. Credit Industriel ET Commercial owned approximately 0.12% of Pan American Silver at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PAAS. Adage Capital Partners GP L.L.C. bought a new stake in Pan American Silver in the 4th quarter valued at $3,235,000. Hsbc Holdings PLC lifted its stake in shares of Pan American Silver by 661.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company's stock valued at $26,300,000 after buying an additional 1,135,839 shares during the period. J. Safra Sarasin Holding AG acquired a new stake in Pan American Silver during the fourth quarter worth about $288,000. Stifel Financial Corp increased its stake in Pan American Silver by 13.8% during the fourth quarter. Stifel Financial Corp now owns 160,188 shares of the basic materials company's stock valued at $3,239,000 after acquiring an additional 19,425 shares during the period. Finally, First Trust Advisors LP raised its holdings in Pan American Silver by 226.1% in the 4th quarter. First Trust Advisors LP now owns 56,407 shares of the basic materials company's stock valued at $1,141,000 after acquiring an additional 39,111 shares in the last quarter. Institutional investors own 55.43% of the company's stock.

Pan American Silver Price Performance

Shares of PAAS stock traded up $0.21 during trading hours on Monday, reaching $25.68. 3,570,353 shares of the company were exchanged, compared to its average volume of 3,715,598. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 80.25 and a beta of 1.06. The stock's fifty day moving average is $25.18 and its two-hundred day moving average is $23.46. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $28.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The company had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Sell-side analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Monday, March 3rd. Pan American Silver's payout ratio is 125.00%.

Analysts Set New Price Targets

PAAS has been the topic of a number of recent research reports. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. BMO Capital Markets initiated coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They issued a "market perform" rating for the company. TD Securities downgraded Pan American Silver from a "buy" rating to a "hold" rating and decreased their price objective for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada boosted their price target on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $28.50.

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.