Canada Pension Plan Investment Board Raises Holdings in Pan American Silver Corp. (NYSE:PAAS)

Canada Pension Plan Investment Board increased its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 31.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,046,142 shares of the basic materials company's stock after buying an additional 251,522 shares during the period. Canada Pension Plan Investment Board owned about 0.29% of Pan American Silver worth $21,137,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in PAAS. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Pan American Silver during the fourth quarter worth $27,000. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver during the 4th quarter worth $30,000. Wilmington Savings Fund Society FSB purchased a new stake in Pan American Silver during the 3rd quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Pan American Silver in the 4th quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Pan American Silver during the fourth quarter worth about $32,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on PAAS. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. BMO Capital Markets started coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating for the company. Finally, TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and cut their price target for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $28.50.

Pan American Silver Stock Performance

NYSE PAAS traded up $0.34 during trading on Thursday, reaching $26.02. The company's stock had a trading volume of 2,964,258 shares, compared to its average volume of 3,714,317. Pan American Silver Corp. has a twelve month low of $17.86 and a twelve month high of $28.60. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 81.30 and a beta of 1.06. The business's fifty day moving average price is $25.13 and its 200-day moving average price is $23.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The firm had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. As a group, analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 annualized dividend and a yield of 1.54%. Pan American Silver's dividend payout ratio is currently 125.00%.

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.