Korea Investment CORP Acquires 119,730 Shares of Pan American Silver Corp. (NYSE:PAAS)

Korea Investment CORP grew its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 152.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 198,082 shares of the basic materials company's stock after acquiring an additional 119,730 shares during the quarter. Korea Investment CORP owned about 0.05% of Pan American Silver worth $4,005,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Comprehensive Financial Planning Inc. PA purchased a new position in Pan American Silver in the fourth quarter worth $27,000. Laurel Wealth Advisors LLC purchased a new position in shares of Pan American Silver in the 4th quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Pan American Silver during the 3rd quarter valued at about $32,000. Decker Retirement Planning Inc. purchased a new position in shares of Pan American Silver during the 4th quarter valued at about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Pan American Silver in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Trading Down 12.1 %

Pan American Silver stock traded down $2.96 during mid-day trading on Friday, reaching $21.46. 7,600,922 shares of the company traded hands, compared to its average volume of 3,836,845. 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 Corp. has a 52-week low of $16.55 and a 52-week high of $27.47. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 67.06 and a beta of 1.25. The firm's 50 day moving average price is $24.74 and its 200 day moving average price is $22.97.

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

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's dividend payout ratio is currently 125.00%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday. Royal Bank of Canada raised their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Scotiabank lifted their price objective on Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a report on Tuesday, February 25th. Finally, TD Securities cut Pan American Silver from a "buy" rating to a "hold" rating and dropped their target price for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $27.92.

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.