Amundi Purchases 82,187 Shares of Pan American Silver Corp. (NYSE:PAAS)

Amundi lifted its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,547,331 shares of the basic materials company's stock after acquiring an additional 82,187 shares during the quarter. Amundi owned approximately 0.43% of Pan American Silver worth $33,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ingalls & Snyder LLC grew its stake in shares of Pan American Silver by 5.4% during the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock worth $34,920,000 after purchasing an additional 89,011 shares during the period. Geode Capital Management LLC grew its stake in shares of Pan American Silver by 7.6% during the third quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company's stock worth $31,713,000 after purchasing an additional 108,039 shares during the period. FMR LLC grew its stake in shares of Pan American Silver by 1,834.8% during the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company's stock worth $28,084,000 after purchasing an additional 1,275,475 shares during the period. National Bank of Canada FI grew its stake in shares of Pan American Silver by 30.1% during the third quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company's stock worth $23,857,000 after purchasing an additional 264,772 shares during the period. Finally, Alberta Investment Management Corp grew its stake in shares of Pan American Silver by 14.4% during the fourth quarter. Alberta Investment Management Corp now owns 1,108,186 shares of the basic materials company's stock worth $22,407,000 after purchasing an additional 139,661 shares during the period. Institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Up 3.3 %

NYSE:PAAS opened at $25.28 on Thursday. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 79.01 and a beta of 1.25. The stock has a 50-day moving average price of $23.28 and a two-hundred day moving average price of $22.32. Pan American Silver Corp. has a 1 year low of $13.52 and a 1 year high of $26.05.

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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, hitting the consensus estimate of $0.35. The company had revenue of $815.10 million during the quarter, compared to analysts' expectations of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. As a group, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.58%. Pan American Silver's dividend payout ratio is currently 125.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PAAS shares. Royal Bank of Canada lifted their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. TD Securities cut Pan American Silver from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $28.00 to $27.00 in a research note on Tuesday. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday, December 1st. Finally, Scotiabank boosted their target price on Pan American Silver from $28.00 to $28.50 and gave the company a "sector outperform" rating in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $27.92.

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.

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