Ameriprise Financial Inc. Increases Holdings in Pan American Silver Corp. (NYSE:PAAS)

Ameriprise Financial Inc. grew its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 18.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,146,182 shares of the basic materials company's stock after purchasing an additional 486,622 shares during the period. Ameriprise Financial Inc. owned approximately 0.87% of Pan American Silver worth $63,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Comprehensive Financial Planning Inc. PA purchased a new position in Pan American Silver in the fourth quarter worth approximately $27,000. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver during the fourth quarter worth $30,000. Decker Retirement Planning Inc. acquired a new position in Pan American Silver during the fourth quarter worth $32,000. Wilmington Savings Fund Society FSB acquired a new position in Pan American Silver during the third quarter worth $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Pan American Silver during the fourth quarter worth $32,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

Shares of PAAS traded up $0.32 during mid-day trading on Thursday, reaching $22.93. 2,306,903 shares of the company's stock were exchanged, compared to its average volume of 4,039,933. 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 company has a 50-day simple moving average of $25.20 and a two-hundred day simple moving average of $23.53. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $28.60. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 71.66 and a beta of 0.75.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.19 by $0.23. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. During the same period in the previous year, the company earned $0.01 EPS. Pan American Silver's revenue for the quarter was up 28.6% on a year-over-year basis. On average, sell-side analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.74%. Pan American Silver's dividend payout ratio is presently 45.98%.

Analyst Ratings Changes

A number of research firms have commented on PAAS. CIBC upped their price target on Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a research note on Thursday, May 8th. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. BMO Capital Markets initiated coverage on Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating on the stock. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada increased their price objective 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. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Pan American Silver currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.50.

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.