Nebula Research & Development LLC Has $999,000 Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Nebula Research & Development LLC grew its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 40.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 49,400 shares of the basic materials company's stock after acquiring an additional 14,199 shares during the period. Nebula Research & Development LLC's holdings in Pan American Silver were worth $999,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Pan American Silver in the fourth quarter valued at about $91,916,000. Jupiter Asset Management Ltd. bought a new position in Pan American Silver in the 4th quarter valued at approximately $24,083,000. Hsbc Holdings PLC boosted its position in Pan American Silver by 661.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company's stock worth $26,300,000 after buying an additional 1,135,839 shares during the period. Renaissance Technologies LLC boosted its position in Pan American Silver by 110.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,498,246 shares of the basic materials company's stock worth $30,295,000 after buying an additional 784,906 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Pan American Silver by 135.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,062,315 shares of the basic materials company's stock worth $21,463,000 after acquiring an additional 611,545 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Price Performance

Pan American Silver stock opened at $25.47 on Friday. The stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of 79.60 and a beta of 1.06. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-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 stock's 50 day moving average price is $25.18 and its two-hundred day moving average price is $23.45.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. On average, equities analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's dividend payout ratio (DPR) is currently 125.00%.

Analyst Upgrades and Downgrades

PAAS has been the topic of a number of recent research reports. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. TD Securities downgraded Pan American Silver from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Finally, Royal Bank of Canada raised 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. Five 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, the stock presently has a consensus rating of "Hold" and an average price target of $28.50.

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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