Barings LLC acquired a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 203,872 shares of the basic materials company's stock, valued at approximately $4,122,000. Barings LLC owned approximately 0.06% of Pan American Silver at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PAAS. Comprehensive Financial Planning Inc. PA bought a new position in shares of Pan American Silver during the fourth quarter worth $27,000. Laurel Wealth Advisors LLC bought a new position in shares of Pan American Silver during the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Pan American Silver during the third quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Pan American Silver during the fourth quarter worth $32,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of Pan American Silver during the fourth quarter worth $32,000. 55.43% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. TD Securities increased their price objective on shares of Pan American Silver from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Scotiabank increased their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the company a "sector outperform" rating in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $28.08.
View Our Latest Stock Report on PAAS
Pan American Silver Trading Up 0.3 %
Shares of Pan American Silver stock traded up $0.07 during trading on Friday, hitting $24.58. The stock had a trading volume of 3,112,636 shares, compared to its average volume of 3,056,698. The firm's fifty day simple moving average is $23.02 and its 200-day simple moving average is $22.26. The stock has a market cap of $8.90 billion, a PE ratio of 76.80 and a beta of 1.25. 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 Corp. has a 12 month low of $13.52 and a 12 month high of $26.05.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. As a group, sell-side analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.
Pan American Silver Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.63%. Pan American Silver's dividend payout ratio (DPR) is presently 125.00%.
About Pan American Silver
(
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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