422,200 Shares in Pan American Silver Corp. (NYSE:PAAS) Bought by Credit Industriel ET Commercial

Credit Industriel ET Commercial purchased a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 422,200 shares of the basic materials company's stock, valued at approximately $8,537,000. Pan American Silver comprises 1.2% of Credit Industriel ET Commercial's holdings, making the stock its 7th biggest holding. Credit Industriel ET Commercial owned about 0.12% of Pan American Silver at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Adage Capital Partners GP L.L.C. bought a new stake in shares of Pan American Silver during the fourth quarter worth $3,235,000. Hsbc Holdings PLC lifted its position in Pan American Silver by 661.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company's stock valued at $26,300,000 after purchasing an additional 1,135,839 shares during the period. J. Safra Sarasin Holding AG acquired a new stake in shares of Pan American Silver during the 4th quarter worth approximately $288,000. Stifel Financial Corp raised its stake in shares of Pan American Silver by 13.8% during the fourth quarter. Stifel Financial Corp now owns 160,188 shares of the basic materials company's stock worth $3,239,000 after buying an additional 19,425 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Pan American Silver by 226.1% in the fourth quarter. First Trust Advisors LP now owns 56,407 shares of the basic materials company's stock valued at $1,141,000 after buying an additional 39,111 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Stock Performance

Shares of NYSE:PAAS traded down $0.25 on Tuesday, reaching $25.44. 2,114,100 shares of the company's stock were exchanged, compared to its average volume of 3,709,468. 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 twelve month low of $17.86 and a twelve month high of $28.60. The company has a fifty day moving average of $25.21 and a 200-day moving average of $23.48. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 79.68 and a beta of 1.06.

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. The firm had revenue of $815.10 million for 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%. On average, research analysts predict 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 was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.57%. Pan American Silver's dividend payout ratio is 125.00%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PAAS. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. StockNews.com downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. BMO Capital Markets initiated coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating for the company. TD Securities lowered 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 research note on Tuesday, March 11th. Finally, Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Pan American Silver currently has a consensus rating of "Hold" and a consensus target price of $28.50.

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.