Alberta Investment Management Corp Has $22.41 Million Position in Pan American Silver Corp. (NYSE:PAAS)

Alberta Investment Management Corp boosted its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 14.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,108,186 shares of the basic materials company's stock after purchasing an additional 139,661 shares during the period. Alberta Investment Management Corp owned about 0.31% of Pan American Silver worth $22,407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Comprehensive Financial Planning Inc. PA bought a new position in Pan American Silver during the fourth quarter valued at approximately $27,000. Eastern Bank acquired a new stake in shares of Pan American Silver in the 3rd quarter valued at $28,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver in the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new position in Pan American Silver during the third quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Pan American Silver during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Performance

Shares of PAAS traded down $1.08 on Friday, reaching $24.43. 4,158,103 shares of the stock traded hands, compared to its average volume of 2,984,262. The firm has a market cap 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 current ratio of 2.06 and a quick ratio of 0.96. Pan American Silver Corp. has a 12 month low of $12.19 and a 12 month high of $26.05. The stock's 50-day moving average price is $22.30 and its 200-day moving average price is $21.90.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.17%. The firm had revenue of $815.10 million during the quarter, compared to analysts' expectations of $805.20 million. Equities analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.10 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.64%. Pan American Silver's payout ratio is 125.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PAAS shares. StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Royal Bank of Canada upped their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.