CenterBook Partners LP Buys Shares of 82,145 Pan American Silver Corp. (NYSE:PAAS)

CenterBook Partners LP acquired a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 82,145 shares of the basic materials company's stock, valued at approximately $1,661,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PAAS. Janus Henderson Group PLC increased 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 valued at $1,869,000 after purchasing an additional 37,804 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Pan American Silver by 11.1% in the 3rd quarter. Quantinno Capital Management LP now owns 27,932 shares of the basic materials company's stock valued at $583,000 after purchasing an additional 2,800 shares during the period. Wellington Management Group LLP increased its stake in Pan American Silver by 87.8% during the 3rd quarter. Wellington Management Group LLP now owns 57,677 shares of the basic materials company's stock worth $1,206,000 after purchasing an additional 26,960 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Pan American Silver in the third quarter valued at approximately $547,000. Finally, Barclays PLC boosted its holdings in shares of Pan American Silver by 156.4% in 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. 55.43% of the stock is currently owned by institutional investors and hedge funds.

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Pan American Silver Price Performance

NYSE:PAAS traded up $0.29 during trading hours on Tuesday, hitting $27.47. The company's stock had a trading volume of 3,063,653 shares, compared to its average volume of 3,516,046. The stock has a fifty day simple moving average of $24.83 and a 200-day simple moving average of $23.13. Pan American Silver Corp. has a twelve month low of $17.86 and a twelve month high of $27.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The company has a market capitalization of $9.95 billion, a P/E ratio of 85.84 and a beta of 1.06.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. The firm 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%. On average, analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 yield of 1.46%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's payout ratio is 125.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PAAS. Scotiabank upped their price objective on Pan American Silver from $28.50 to $32.00 and gave the stock a "sector outperform" rating in a research report on Monday. StockNews.com downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and decreased their target price for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada increased their price target on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.