149,962 Shares in Pan American Silver Corp. (NYSE:PAAS) Acquired by Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 149,962 shares of the basic materials company's stock, valued at approximately $3,032,000. Pan American Silver makes up 4.2% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 6th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Signaturefd LLC increased its position in Pan American Silver by 6.0% during the 4th quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock valued at $160,000 after buying an additional 451 shares in the last quarter. US Bancorp DE increased its stake in Pan American Silver by 9.6% during the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock valued at $124,000 after purchasing an additional 539 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Pan American Silver by 23.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock worth $58,000 after buying an additional 549 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Pan American Silver by 12.5% during the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock worth $121,000 after buying an additional 664 shares during the period. Finally, Northwest & Ethical Investments L.P. grew its holdings in shares of Pan American Silver by 1.4% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 70,451 shares of the basic materials company's stock valued at $1,423,000 after buying an additional 972 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several research firms have weighed in on PAAS. Royal Bank of Canada boosted their price target 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. Scotiabank upped their target price on Pan American Silver from $28.00 to $28.50 and gave the company a "sector outperform" rating in a research report on Tuesday, February 25th. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, TD Securities downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating and dropped their price objective for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $27.92.

Pan American Silver Stock Performance

Shares of NYSE PAAS traded up $0.54 during midday trading on Wednesday, reaching $26.14. 1,475,845 shares of the stock were exchanged, compared to its average volume of 3,854,015. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm has a 50-day simple moving average of $24.61 and a two-hundred day simple moving average of $22.94. Pan American Silver Corp. has a twelve month low of $15.45 and a twelve month high of $27.47. The firm has a market cap of $9.47 billion, a price-to-earnings ratio of 81.69 and a beta of 1.25.

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

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Monday, March 3rd. 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.