Semanteon Capital Management LP Invests $1.02 Million in Pan American Silver Corp. (NYSE:PAAS)

Semanteon Capital Management LP 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 50,310 shares of the basic materials company's stock, valued at approximately $1,017,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PAAS. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Pan American Silver in the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC acquired a new stake in Pan American Silver in the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new stake in Pan American Silver in the third quarter valued at $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Pan American Silver during the fourth quarter valued at $32,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of Pan American Silver during the fourth quarter worth about $32,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PAAS has been the subject of a number of analyst reports. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday, December 1st. Scotiabank boosted their price objective on Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a research report on Tuesday, February 25th. TD Securities lowered Pan American Silver from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, Royal Bank of Canada lifted their target price on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Pan American Silver has a consensus rating of "Hold" and a consensus price target of $27.92.

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Pan American Silver Price Performance

NYSE:PAAS traded up $0.11 during midday trading on Tuesday, hitting $25.98. 2,652,706 shares of the stock were exchanged, compared to its average volume of 3,807,763. The business has a 50-day moving average price of $24.08 and a two-hundred day moving average price of $22.67. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $9.41 billion, a price-to-earnings ratio of 81.19 and a beta of 1.25. Pan American Silver Corp. has a one year low of $13.91 and a one year high of $27.47.

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

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. Pan American Silver's dividend payout ratio is currently 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.