Arrowstreet Capital Limited Partnership Buys New Position in Pan American Silver Corp. (NYSE:PAAS)

Arrowstreet Capital Limited Partnership purchased a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 61,024 shares of the basic materials company's stock, valued at approximately $1,233,000.

Other large investors have also recently added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Pan American Silver in the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver in the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pan American Silver during the third quarter worth $32,000. Decker Retirement Planning Inc. acquired a new stake in shares of Pan American Silver in the fourth quarter valued at $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Pan American Silver in the fourth quarter valued at about $32,000. 55.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and reduced their target price for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research report on Monday. BMO Capital Markets began coverage on Pan American Silver in a research report on Wednesday. They set a "market perform" rating for the company. Royal Bank of Canada raised their price target on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Finally, StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Five investment 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 company has a consensus rating of "Hold" and a consensus target price of $28.50.

Pan American Silver Trading Down 2.5 %

Shares of PAAS stock traded down $0.69 on Thursday, reaching $27.33. The company had a trading volume of 1,008,219 shares, compared to its average volume of 3,698,042. The company has a 50-day moving average of $24.95 and a 200-day moving average of $23.19. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $28.60. The stock has a market cap of $9.90 billion, a PE ratio of 85.53 and a beta of 1.06. 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 (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 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 company had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. On average, equities analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's dividend payout ratio (DPR) is presently 125.00%.

Pan American Silver 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.