CM Management LLC Has $1.62 Million Stock Position in Pan American Silver Corp. (NYSE:PAAS)

CM Management LLC raised its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 60.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,000 shares of the basic materials company's stock after purchasing an additional 30,000 shares during the quarter. CM Management LLC's holdings in Pan American Silver were worth $1,618,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. US Bancorp DE boosted its stake in shares of Pan American Silver by 13.4% during the 3rd quarter. US Bancorp DE now owns 5,600 shares of the basic materials company's stock worth $117,000 after acquiring an additional 660 shares during the period. Janney Montgomery Scott LLC boosted its stake in Pan American Silver by 12.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 37,962 shares of the basic materials company's stock valued at $792,000 after purchasing an additional 4,258 shares during the period. Marlin Sams Capital Management LLC boosted its stake in Pan American Silver by 89.2% in the 3rd quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company's stock valued at $14,609,000 after purchasing an additional 330,000 shares during the period. Privium Fund Management B.V. boosted its stake in Pan American Silver by 15.2% in the 3rd quarter. Privium Fund Management B.V. now owns 26,484 shares of the basic materials company's stock valued at $553,000 after purchasing an additional 3,500 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in Pan American Silver in the 3rd quarter valued at $212,000. 55.43% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several brokerages have weighed in on PAAS. Scotiabank lifted their price objective on Pan American Silver from $28.00 to $28.50 and gave the company a "sector outperform" rating in a report on Tuesday, February 25th. Royal Bank of Canada lifted their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. TD Securities boosted their price target on Pan American Silver from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.08.

Pan American Silver Price Performance

PAAS stock traded up $0.07 during midday trading on Friday, reaching $24.58. 3,112,636 shares of the stock were exchanged, compared to its average volume of 3,056,698. The company has a fifty day moving average price of $23.02 and a 200 day moving average price of $22.26. Pan American Silver Corp. has a 52 week low of $13.52 and a 52 week high of $26.05. The stock has a market capitalization 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 (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $805.20 million. As a group, analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.10 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.63%. Pan American Silver's dividend payout ratio (DPR) is presently 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.