Connor Clark & Lunn Investment Management Ltd. Increases Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Connor Clark & Lunn Investment Management Ltd. increased its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 135.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,062,315 shares of the basic materials company's stock after acquiring an additional 611,545 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.29% of Pan American Silver worth $21,463,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PAAS. FMR LLC grew its position in shares of Pan American Silver by 1,834.8% in the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company's stock valued at $28,084,000 after purchasing an additional 1,275,475 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Pan American Silver in the 4th quarter valued at approximately $24,083,000. Raymond James Financial Inc. acquired a new stake in Pan American Silver during the 4th quarter valued at $6,834,000. National Bank of Canada FI increased its position in Pan American Silver by 30.1% during the third quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company's stock worth $23,857,000 after buying an additional 264,772 shares in the last quarter. Finally, Barings LLC acquired a new position in shares of Pan American Silver in the fourth quarter worth $4,122,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of research firms recently commented on PAAS. Royal Bank of Canada lifted their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Scotiabank lifted their price target on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a report on Tuesday, February 25th. TD Securities downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating and reduced their price objective for the company from $28.00 to $27.00 in a research note on Tuesday, March 11th. Finally, StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $27.92.

Pan American Silver Trading Up 3.5 %

Pan American Silver stock traded up $0.92 during trading on Monday, reaching $26.70. The company had a trading volume of 3,268,845 shares, compared to its average volume of 3,823,653. Pan American Silver Corp. has a 12-month low of $13.52 and a 12-month high of $26.80. 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 $23.46 and its two-hundred day moving average price is $22.39. The firm has a market capitalization of $9.67 billion, a price-to-earnings ratio of 83.42 and a beta of 1.25.

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

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.50%. Pan American Silver's dividend payout ratio (DPR) is 125.00%.

About Pan American Silver

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.