Hsbc Holdings PLC Acquires 1,135,839 Shares of Pan American Silver Corp. (NYSE:PAAS)

Hsbc Holdings PLC raised its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 661.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,307,617 shares of the basic materials company's stock after acquiring an additional 1,135,839 shares during the quarter. Hsbc Holdings PLC owned approximately 0.36% of Pan American Silver worth $26,300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PAAS. Vanguard Group Inc. increased its holdings in Pan American Silver by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company's stock worth $283,385,000 after purchasing an additional 221,561 shares during the period. FIL Ltd grew its position in shares of Pan American Silver by 4.6% during the 4th quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company's stock worth $270,848,000 after buying an additional 584,017 shares in the last quarter. Norges Bank bought a new stake in shares of Pan American Silver in the fourth quarter valued at about $91,916,000. Geode Capital Management LLC lifted its stake in Pan American Silver by 32.2% in the fourth quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company's stock worth $40,776,000 after acquiring an additional 494,133 shares during the period. Finally, Ingalls & Snyder LLC grew its holdings in Pan American Silver by 5.4% during the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock worth $34,920,000 after acquiring an additional 89,011 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.

Analyst Upgrades and Downgrades

PAAS has been the subject of several recent research reports. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Royal Bank of Canada upped their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. BMO Capital Markets started coverage on Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating on the stock. Finally, TD Securities downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating and reduced their target price for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Pan American Silver currently has an average rating of "Hold" and a consensus target price of $28.50.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $25.47 on Friday. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $28.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The company has a market cap of $9.22 billion, a PE ratio of 79.60 and a beta of 1.06. The business has a 50-day simple moving average of $25.18 and a two-hundred day simple moving average of $23.45.

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

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors 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 dividend on an annualized basis and a yield of 1.57%. Pan American Silver's dividend payout ratio (DPR) is 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.

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