Hillsdale Investment Management Inc. raised its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 204.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 412,800 shares of the basic materials company's stock after buying an additional 277,300 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.11% of Pan American Silver worth $8,342,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Pan American Silver during the 4th quarter worth approximately $43,000. Barclays PLC boosted its holdings in 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 purchasing an additional 37,480 shares during the period. Triasima Portfolio Management inc. acquired a new stake in Pan American Silver in the 4th quarter valued at about $2,911,000. Ingalls & Snyder LLC raised its holdings in Pan American Silver by 5.4% in the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock valued at $34,920,000 after acquiring an additional 89,011 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Pan American Silver by 73.2% in the 3rd 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. Institutional investors and hedge funds own 55.43% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on PAAS shares. TD Securities cut Pan American Silver from a "buy" rating to a "hold" rating and decreased their target price for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Royal Bank of Canada raised their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Scotiabank boosted their target price on shares of 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 cut Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $27.92.
Read Our Latest Stock Report on PAAS
Pan American Silver Trading Down 0.9 %
Shares of NYSE:PAAS traded down $0.23 during trading on Wednesday, reaching $25.75. 2,505,110 shares of the stock were exchanged, compared to its average volume of 3,808,395. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 80.46 and a beta of 1.25. 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 Corp. has a 12-month low of $13.95 and a 12-month high of $27.47. The firm's 50-day moving average price is $24.26 and its 200 day moving average price is $22.74.
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 earnings per share 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 during the quarter, compared to analyst estimates of $805.20 million. On average, sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal 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 paid a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.55%. Pan American Silver's dividend payout ratio is currently 125.00%.
Pan American Silver Profile
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Free Report)
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.
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