22,700 Shares in Pan American Silver Corp. (NYSE:PAAS) Acquired by Andra AP fonden

Andra AP fonden bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 22,700 shares of the basic materials company's stock, valued at approximately $459,000.

Other hedge funds have also bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Pan American Silver by 156.4% in the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company's stock valued at $1,282,000 after acquiring an additional 37,480 shares during the last quarter. Triasima Portfolio Management inc. acquired a new stake in shares of Pan American Silver during the 4th quarter worth approximately $2,911,000. Ingalls & Snyder LLC increased its holdings in shares of Pan American Silver by 5.4% during the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock valued at $34,920,000 after purchasing an additional 89,011 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Pan American Silver by 73.2% in the 3rd quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company's stock valued at $1,869,000 after purchasing an additional 37,804 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in Pan American Silver by 383.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 58,274 shares of the basic materials company's stock worth $1,216,000 after buying an additional 46,224 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

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Pan American Silver Price Performance

PAAS traded up $0.32 during trading on Wednesday, reaching $24.80. The company's stock had a trading volume of 483,871 shares, compared to its average volume of 3,807,752. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $23.18 and a two-hundred day simple moving average of $22.30. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 77.37 and a beta of 1.25. Pan American Silver Corp. has a 1 year low of $13.52 and a 1 year high of $26.05.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $805.20 million. As a group, analysts anticipate that Pan American Silver Corp. will post 1.26 EPS 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. Investors of record on Monday, March 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Monday, March 3rd. Pan American Silver's payout ratio is currently 125.00%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com downgraded Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Royal Bank of Canada lifted their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Scotiabank upped 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 report on Tuesday, February 25th. Finally, TD Securities downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating and reduced their price target for the stock from $28.00 to $27.00 in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Pan American Silver 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.