Boston Partners Takes $561,000 Position in Pan American Silver Corp. (NYSE:PAAS)

Boston Partners acquired a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 27,760 shares of the basic materials company's stock, valued at approximately $561,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PAAS. SBI Securities Co. Ltd. purchased a new stake in Pan American Silver in the 4th quarter worth approximately $43,000. Barclays PLC lifted its position 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 worth $1,282,000 after purchasing an additional 37,480 shares during the period. Triasima Portfolio Management inc. bought a new stake in shares of Pan American Silver during the 4th quarter valued at about $2,911,000. Ingalls & Snyder LLC raised its stake in 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 worth $34,920,000 after buying an additional 89,011 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Pan American Silver by 73.2% in the third quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company's stock worth $1,869,000 after buying an additional 37,804 shares during the period. Institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Up 0.4 %

Shares of NYSE PAAS traded up $0.11 during midday trading on Tuesday, hitting $25.98. The stock had a trading volume of 2,652,706 shares, compared to its average volume of 3,814,149. The company has a market cap of $9.41 billion, a P/E ratio of 81.19 and a beta of 1.25. 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 business's 50 day moving average is $24.17 and its 200-day moving average is $22.72. Pan American Silver Corp. has a 52 week low of $13.91 and a 52 week high of $27.47.

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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 for the quarter, hitting the consensus estimate of $0.35. The firm 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, analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Monday, March 3rd. Pan American Silver's payout ratio is 125.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PAAS. Scotiabank raised 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. StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. TD Securities cut shares of Pan American Silver from a "buy" rating to a "hold" rating and dropped their target price for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, Royal Bank of Canada increased their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $27.92.

Pan American Silver Company 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.