CANADA LIFE ASSURANCE Co Boosts Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

CANADA LIFE ASSURANCE Co lifted its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 6.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 410,542 shares of the basic materials company's stock after acquiring an additional 24,493 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.11% of Pan American Silver worth $8,294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAAS. Norges Bank acquired a new stake in shares of Pan American Silver during the 4th quarter worth about $91,916,000. Jupiter Asset Management Ltd. bought a new stake in Pan American Silver in the 4th quarter valued at about $24,083,000. Renaissance Technologies LLC grew its position in Pan American Silver by 110.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,498,246 shares of the basic materials company's stock worth $30,295,000 after buying an additional 784,906 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Pan American Silver by 135.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,062,315 shares of the basic materials company's stock worth $21,463,000 after acquiring an additional 611,545 shares during the period. Finally, FIL Ltd raised its holdings in Pan American Silver by 4.6% in the 4th quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company's stock valued at $270,848,000 after acquiring an additional 584,017 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Trading Down 2.1 %

PAAS traded down $0.54 during trading on Friday, hitting $25.47. The company's stock had a trading volume of 3,101,266 shares, compared to its average volume of 3,718,656. The firm has a market capitalization of $9.22 billion, a P/E ratio of 79.60 and a beta of 1.06. Pan American Silver Corp. has a twelve month low of $17.86 and a twelve month high of $28.60. 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 stock's fifty day moving average price is $25.16 and its 200-day moving average price is $23.41.

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 (EPS) for the quarter, hitting analysts' consensus estimates 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 net margin of 3.98% and a return on equity of 6.14%. Analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's dividend payout ratio is currently 125.00%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PAAS. 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 report on Tuesday, February 11th. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. Finally, TD Securities downgraded Pan American Silver from a "buy" rating to a "hold" rating and cut their target price for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $28.50.

About Pan American Silver

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.