Aigen Investment Management LP increased its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 97.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,040 shares of the basic materials company's stock after purchasing an additional 15,335 shares during the quarter. Aigen Investment Management LP's holdings in Pan American Silver were worth $628,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in PAAS. US Bancorp DE raised its holdings in shares of Pan American Silver by 13.4% during the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company's stock valued at $117,000 after acquiring an additional 660 shares during the period. Janney Montgomery Scott LLC grew its position in Pan American Silver by 12.6% in the third quarter. Janney Montgomery Scott LLC now owns 37,962 shares of the basic materials company's stock worth $792,000 after acquiring an additional 4,258 shares in the last quarter. Harvest Portfolios Group Inc. grew its position in Pan American Silver by 8.3% in the third quarter. Harvest Portfolios Group Inc. now owns 28,895 shares of the basic materials company's stock worth $603,000 after acquiring an additional 2,216 shares in the last quarter. Hara Capital LLC grew its position in Pan American Silver by 16.4% in the third quarter. Hara Capital LLC now owns 134,146 shares of the basic materials company's stock worth $2,800,000 after acquiring an additional 18,872 shares in the last quarter. Finally, Hollencrest Capital Management grew its position in Pan American Silver by 12.0% in the third quarter. Hollencrest Capital Management now owns 43,641 shares of the basic materials company's stock worth $911,000 after acquiring an additional 4,681 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
PAAS has been the subject of a number of analyst reports. TD Securities boosted their price objective on shares of Pan American Silver from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Scotiabank boosted their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a research note on Tuesday, February 25th. Royal Bank of Canada boosted their price objective 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. Finally, StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $28.08.
Check Out Our Latest Analysis on Pan American Silver
Pan American Silver Stock Performance
NYSE:PAAS traded up $0.07 during trading hours on Friday, hitting $24.58. 3,112,636 shares of the company traded hands, compared to its average volume of 3,056,698. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 76.80 and a beta of 1.25. Pan American Silver Corp. has a twelve month low of $13.52 and a twelve month high of $26.05. The firm has a 50-day moving average of $23.02 and a 200 day moving average of $22.26. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.
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 EPS for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $815.10 million during the quarter, compared to analysts' expectations of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. On average, analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.
Pan American Silver Announces Dividend
The business also recently announced 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 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Monday, March 3rd. Pan American Silver's payout ratio is currently 125.00%.
Pan American Silver Company Profile
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Free Report)
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.
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