PCJ Investment Counsel Ltd. bought a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 48,170 shares of the basic materials company's stock, valued at approximately $973,000.
Several other large investors also recently made changes to their positions in PAAS. US Bancorp DE increased its stake in shares of Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company's stock valued at $117,000 after purchasing an additional 660 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Pan American Silver by 12.6% in the third quarter. Janney Montgomery Scott LLC now owns 37,962 shares of the basic materials company's stock valued at $792,000 after purchasing an additional 4,258 shares during the period. Hollencrest Capital Management increased its stake in shares of Pan American Silver by 12.0% in the third quarter. Hollencrest Capital Management now owns 43,641 shares of the basic materials company's stock valued at $911,000 after purchasing an additional 4,681 shares during the period. Marlin Sams Capital Management LLC increased its stake in shares of Pan American Silver by 89.2% in the third quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company's stock valued at $14,609,000 after purchasing an additional 330,000 shares during the period. Finally, Privium Fund Management B.V. increased its stake in shares of Pan American Silver by 15.2% during the third quarter. Privium Fund Management B.V. now owns 26,484 shares of the basic materials company's stock valued at $553,000 after acquiring an additional 3,500 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.
Analyst Ratings Changes
PAAS has been the topic of a number of research analyst reports. Scotiabank raised their price objective 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. TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and decreased their price target for the stock from $28.00 to $27.00 in a research report on Tuesday. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. 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 research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $27.92.
Check Out Our Latest Research Report on Pan American Silver
Pan American Silver Trading Up 3.3 %
Pan American Silver stock traded up $0.80 during midday trading on Wednesday, reaching $25.28. The stock had a trading volume of 3,955,332 shares, compared to its average volume of 3,821,005. The firm's fifty day simple moving average is $23.18 and its two-hundred day simple moving average is $22.30. Pan American Silver Corp. has a twelve month low of $13.52 and a twelve month high of $26.05. 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 $9.16 billion, a price-to-earnings ratio of 79.01 and a beta of 1.25.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted 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. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Equities analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.
Pan American Silver Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, March 3rd. Pan American Silver's dividend payout ratio 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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