Renaissance Technologies LLC Has $30.30 Million Stake in Pan American Silver Corp. (NYSE:PAAS)

Renaissance Technologies LLC raised its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 110.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,498,246 shares of the basic materials company's stock after purchasing an additional 784,906 shares during the period. Renaissance Technologies LLC owned approximately 0.41% of Pan American Silver worth $30,295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Pan American Silver in the 4th quarter valued at approximately $91,916,000. Jupiter Asset Management Ltd. bought a new position in Pan American Silver in the fourth quarter valued at approximately $24,083,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Pan American Silver by 135.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,062,315 shares of the basic materials company's stock valued at $21,463,000 after purchasing an additional 611,545 shares in the last quarter. FIL Ltd lifted its stake in Pan American Silver by 4.6% during the fourth quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company's stock worth $270,848,000 after purchasing an additional 584,017 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Pan American Silver by 32.2% in the 4th quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company's stock valued at $40,776,000 after purchasing an additional 494,133 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. TD Securities lowered 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. Royal Bank of Canada upped 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. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. Finally, Scotiabank lifted their price target on Pan American Silver from $28.50 to $32.00 and gave the company a "sector outperform" rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Pan American Silver currently has an average rating of "Moderate Buy" and an average target price of $28.50.

Pan American Silver Trading Up 1.1 %

PAAS traded up $0.29 during midday trading on Tuesday, hitting $27.47. 3,471,593 shares of the company were exchanged, compared to its average volume of 3,713,983. The firm has a market capitalization of $9.95 billion, a P/E ratio of 85.84 and a beta of 1.06. The firm's 50 day moving average price is $24.83 and its 200-day moving average price is $23.13. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $27.63.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business had revenue of $815.10 million for the quarter, compared to analysts' expectations of $805.20 million. As a group, equities analysts forecast that Pan American Silver Corp. will post 1.26 EPS 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 issued a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.46%. Pan American Silver's payout ratio is currently 125.00%.

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.