Aviva PLC acquired a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 203,459 shares of the basic materials company's stock, valued at approximately $4,108,000. Aviva PLC owned 0.06% of Pan American Silver as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of PAAS. SBI Securities Co. Ltd. bought a new stake in Pan American Silver in the fourth quarter worth $43,000. Barclays PLC increased its position in shares of Pan American Silver by 156.4% during the third quarter. Barclays PLC now owns 61,439 shares of the basic materials company's stock valued at $1,282,000 after buying an additional 37,480 shares during the period. Triasima Portfolio Management inc. bought a new position in shares of Pan American Silver in the 4th quarter worth approximately $2,911,000. Ingalls & Snyder LLC grew its position in shares of Pan American Silver by 5.4% in the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock worth $34,920,000 after buying an additional 89,011 shares during the period. Finally, Janus Henderson Group PLC lifted 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 purchasing an additional 37,804 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have commented on PAAS shares. Scotiabank lifted their target price on Pan American Silver from $28.50 to $32.00 and gave the stock a "sector outperform" rating in a report on Monday. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. TD Securities cut shares of Pan American Silver from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Royal Bank of Canada boosted their price target on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Finally, National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.50.
View Our Latest Stock Analysis on PAAS
Pan American Silver Trading Down 0.0 %
Shares of PAAS traded down $0.01 during mid-day trading on Tuesday, reaching $27.18. The stock had a trading volume of 1,173,831 shares, compared to its average volume of 3,722,780. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $27.63. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 85.02 and a beta of 1.06. The business's fifty day moving average is $24.83 and its 200 day moving average is $23.13. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96.
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 net margin of 3.98% and a return on equity of 6.14%. The company had revenue of $815.10 million for the quarter, compared to analysts' expectations of $805.20 million. On average, sell-side analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.
Pan American Silver Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.47%. Pan American Silver's dividend payout ratio (DPR) is 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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