Pan American Silver Corp. (NYSE:PAAS) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co increased its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 410,542 shares of the basic materials company's stock after purchasing an additional 24,493 shares during the period. CANADA LIFE ASSURANCE Co owned 0.11% of Pan American Silver worth $8,294,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Pan American Silver by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company's stock worth $283,385,000 after purchasing an additional 221,561 shares during the last quarter. FIL Ltd increased its holdings in Pan American Silver by 4.6% in the 4th quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company's stock worth $270,848,000 after buying an additional 584,017 shares during the period. Norges Bank purchased a new position in Pan American Silver during the 4th quarter worth approximately $91,916,000. Geode Capital Management LLC lifted its stake in Pan American Silver by 32.2% during the 4th quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company's stock valued at $40,776,000 after acquiring an additional 494,133 shares during the period. Finally, Ingalls & Snyder LLC boosted its holdings in shares of Pan American Silver by 5.4% in the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock valued at $34,920,000 after acquiring an additional 89,011 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Price Performance

PAAS traded down $0.54 during trading on Friday, hitting $25.47. The company's stock had a trading volume of 3,101,266 shares, compared to its average volume of 3,715,864. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 79.60 and a beta of 1.06. Pan American Silver Corp. has a twelve month low of $17.86 and a twelve month high of $28.60. The business's fifty day simple moving average is $25.18 and its 200 day simple moving average is $23.46. 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 released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. The firm had revenue of $815.10 million for the quarter, compared to analysts' expectations of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. On average, equities research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently declared 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 dividend yield of 1.57%. Pan American Silver's dividend payout ratio (DPR) is presently 125.00%.

Analyst Ratings Changes

PAAS has been the subject of several recent research reports. BMO Capital Markets assumed coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating for the company. Royal Bank of Canada boosted their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Finally, TD Securities cut shares of Pan American Silver from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $28.50.

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.