Generali Investments CEE investicni spolecnost a.s. Invests $417,000 in Pan American Silver Corp. (NYSE:PAAS)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,629 shares of the basic materials company's stock, valued at approximately $417,000.

Several other large investors have also added to or reduced their stakes in the business. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Pan American Silver during the fourth quarter worth approximately $27,000. Laurel Wealth Advisors LLC bought a new position in shares of Pan American Silver during the 4th quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in Pan American Silver in the third quarter worth $32,000. Decker Retirement Planning Inc. purchased a new stake in Pan American Silver in the 4th quarter worth about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Pan American Silver in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Wall Street Analysts Forecast Growth

PAAS has been the subject of several recent research reports. TD Securities cut Pan American Silver from a "buy" rating to a "hold" rating and reduced their price target for the company from $28.00 to $27.00 in a research report on Tuesday. Royal Bank of Canada raised their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Scotiabank boosted their target price on Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a research report on Tuesday, February 25th. Finally, StockNews.com downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $27.92.

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Pan American Silver Trading Up 3.3 %

NYSE PAAS traded up $0.80 on Wednesday, hitting $25.28. The company's stock had a trading volume of 3,957,233 shares, compared to its average volume of 3,821,010. The company's 50-day simple moving average is $23.18 and its 200 day simple moving average is $22.30. Pan American Silver Corp. has a 52-week low of $13.52 and a 52-week high of $26.05. The firm has a market cap of $9.16 billion, a P/E ratio of 79.01 and a beta of 1.25. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

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

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Monday, March 3rd. Pan American Silver's payout ratio is currently 125.00%.

Pan American Silver 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.