Jupiter Asset Management Ltd. purchased a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,191,032 shares of the basic materials company's stock, valued at approximately $24,083,000. Jupiter Asset Management Ltd. owned about 0.33% of Pan American Silver as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of PAAS. Comprehensive Financial Planning Inc. PA acquired a new stake in Pan American Silver in the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver during the 4th quarter valued at $30,000. Wilmington Savings Fund Society FSB bought a new stake in Pan American Silver during the 3rd quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Pan American Silver in the 4th quarter worth about $32,000. Finally, Decker Retirement Planning Inc. bought a new position in Pan American Silver in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 55.43% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. TD Securities cut Pan American Silver from a "buy" rating to a "hold" rating and reduced their price target for the stock from $28.00 to $27.00 in a report on Tuesday. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Scotiabank raised their price target on shares of Pan American Silver from $28.00 to $28.50 and gave the company a "sector outperform" rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada lifted their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $27.92.
Read Our Latest Stock Analysis on PAAS
Pan American Silver Stock Performance
Shares of PAAS traded up $0.33 during mid-day trading on Thursday, hitting $25.58. The stock had a trading volume of 5,634,628 shares, compared to its average volume of 3,833,772. 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 firm has a market cap of $9.26 billion, a P/E ratio of 79.92 and a beta of 1.25. Pan American Silver Corp. has a 52 week low of $13.52 and a 52 week high of $26.12. The business has a fifty day moving average price of $23.28 and a 200-day moving average price of $22.32.
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 the consensus estimate of $0.35. The firm had revenue of $815.10 million during 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%. On average, equities research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.
Pan American Silver Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.56%. Pan American Silver's dividend payout ratio (DPR) is 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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