Y Intercept Hong Kong Ltd purchased a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 36,308 shares of the basic materials company's stock, valued at approximately $734,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Olympiad Research LP bought a new position in shares of Pan American Silver during the 4th quarter valued at approximately $290,000. Oxbow Advisors LLC purchased a new stake in Pan American Silver during the fourth quarter valued at $3,279,000. Leuthold Group LLC bought a new position in Pan American Silver during the fourth quarter valued at $2,684,000. Alberta Investment Management Corp grew its stake in shares of Pan American Silver by 14.4% in the 4th quarter. Alberta Investment Management Corp now owns 1,108,186 shares of the basic materials company's stock worth $22,407,000 after buying an additional 139,661 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Pan American Silver by 8.7% in the 4th quarter. Truist Financial Corp now owns 54,533 shares of the basic materials company's stock worth $1,103,000 after buying an additional 4,358 shares during the last quarter. Institutional investors own 55.43% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on PAAS shares. StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday, December 1st. Scotiabank raised their price target 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 boosted their price objective on shares of Pan American Silver from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Royal Bank of Canada increased their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $28.08.
Get Our Latest Report on PAAS
Pan American Silver Stock Up 0.9 %
Shares of NYSE:PAAS traded up $0.22 on Tuesday, reaching $23.74. The company had a trading volume of 1,917,930 shares, compared to its average volume of 3,043,365. The firm has a market capitalization of $8.60 billion, a PE ratio of 74.11 and a beta of 1.28. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 52-week low of $13.16 and a 52-week high of $26.05. The firm's 50 day simple moving average is $22.73 and its 200-day simple moving average is $22.16.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The firm 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%. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.69%. Pan American Silver's payout ratio is currently 125.00%.
About Pan American Silver
(
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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