Achmea Investment Management B.V. Takes Position in Pan American Silver Corp. (NYSE:PAAS)

Achmea Investment Management B.V. bought a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 173,906 shares of the basic materials company's stock, valued at approximately $3,455,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp grew its stake in shares of Pan American Silver by 1.4% during the 1st quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company's stock worth $701,016,000 after purchasing an additional 653,064 shares during the period. Vanguard Group Inc. grew its position in Pan American Silver by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company's stock valued at $199,440,000 after buying an additional 159,908 shares during the period. Norges Bank purchased a new position in Pan American Silver in the fourth quarter valued at $63,066,000. Tidal Investments LLC raised its position in shares of Pan American Silver by 15,618.3% in the first quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company's stock worth $57,340,000 after acquiring an additional 3,779,309 shares during the period. Finally, Sprott Inc. boosted its stake in shares of Pan American Silver by 3.7% during the 4th quarter. Sprott Inc. now owns 3,046,124 shares of the basic materials company's stock worth $49,746,000 after acquiring an additional 107,965 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of NYSE PAAS traded up $0.69 during mid-day trading on Friday, reaching $21.20. The company's stock had a trading volume of 4,898,124 shares, compared to its average volume of 4,148,896. The stock has a 50-day moving average of $21.06 and a two-hundred day moving average of $19.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.06. The stock has a market capitalization of $7.70 billion, a P/E ratio of -46.09 and a beta of 1.35. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $24.27.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.04). The business had revenue of $686.30 million during the quarter, compared to analyst estimates of $696.08 million. Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The firm's revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 EPS. On average, equities research analysts anticipate that Pan American Silver Corp. will post 0.59 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Monday, August 19th. Pan American Silver's dividend payout ratio (DPR) is currently -86.96%.

Analysts Set New Price Targets

PAAS has been the subject of a number of analyst reports. CIBC upped their price target on Pan American Silver from $30.00 to $35.00 and gave the stock an "outperformer" rating in a report on Wednesday, July 10th. Jefferies Financial Group decreased their target price on Pan American Silver from $22.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday. Royal Bank of Canada boosted their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Tuesday. Scotiabank increased their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 16th. Finally, BMO Capital Markets boosted their target price on shares of Pan American Silver from $22.00 to $24.00 in a research note on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Pan American Silver currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.64.

Pan American Silver 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.