Arrowstreet Capital Limited Partnership Takes $1.23 Million Position in Pan American Silver Corp. (NYSE:PAAS)

Arrowstreet Capital Limited Partnership acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 61,024 shares of the basic materials company's stock, valued at approximately $1,233,000.

Several other large investors have also recently added to or reduced their stakes in PAAS. SBI Securities Co. Ltd. bought a new position in shares of Pan American Silver during the fourth quarter worth about $43,000. Barclays PLC boosted its stake in Pan American Silver by 156.4% during the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company's stock valued at $1,282,000 after purchasing an additional 37,480 shares during the period. Triasima Portfolio Management inc. bought a new position in Pan American Silver in the 4th quarter worth about $2,911,000. Ingalls & Snyder LLC increased its stake in shares of Pan American Silver by 5.4% in the fourth 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 during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of Pan American Silver by 73.2% during the third quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company's stock valued at $1,869,000 after buying an additional 37,804 shares during the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PAAS has been the subject of a number of recent analyst reports. TD Securities lowered 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 report on Tuesday, March 11th. StockNews.com downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Royal Bank of Canada raised their target price 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 target on shares of Pan American Silver from $28.50 to $32.00 and gave the stock a "sector outperform" rating in a research note on Monday. Finally, National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $28.50.

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Pan American Silver Price Performance

Shares of PAAS traded up $0.29 during mid-day trading on Tuesday, hitting $27.47. The company's stock had a trading volume of 3,471,593 shares, compared to its average volume of 3,731,673. 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 firm has a 50-day moving average price of $24.83 and a 200 day moving average price of $23.13. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $27.63. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 85.84 and a beta of 1.06.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $815.10 million for 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%. On average, research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.46%. Pan American Silver's dividend payout ratio is currently 125.00%.

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.