Canada Pension Plan Investment Board Raises Position in Pan American Silver Corp. (NYSE:PAAS)

Canada Pension Plan Investment Board raised its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 31.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,046,142 shares of the basic materials company's stock after buying an additional 251,522 shares during the quarter. Canada Pension Plan Investment Board owned about 0.29% of Pan American Silver worth $21,137,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in Pan American Silver during the 3rd quarter worth about $547,000. Barclays PLC boosted its position in Pan American Silver by 156.4% in the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company's stock valued at $1,282,000 after buying an additional 37,480 shares during the period. Geode Capital Management LLC grew its stake in shares of Pan American Silver by 7.6% in the third quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company's stock worth $31,713,000 after acquiring an additional 108,039 shares in the last quarter. Virtu Financial LLC increased its position in shares of Pan American Silver by 23.9% during the third quarter. Virtu Financial LLC now owns 36,873 shares of the basic materials company's stock worth $770,000 after acquiring an additional 7,114 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Pan American Silver in the third quarter valued at $257,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PAAS shares. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. TD Securities cut shares of Pan American Silver from a "buy" rating to a "hold" rating and lowered their price target for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Royal Bank of Canada increased their target price 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, BMO Capital Markets initiated coverage on Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating on the stock. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $28.50.

Pan American Silver Stock Performance

PAAS traded down $0.42 during trading on Friday, hitting $25.60. 1,199,832 shares of the stock were exchanged, compared to its average volume of 3,711,364. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $28.60. The stock has a fifty day moving average price of $25.16 and a two-hundred day moving average price of $23.41. The firm has a market capitalization of $9.27 billion, a P/E ratio of 80.00 and a beta of 1.06.

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 EPS for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. As a group, sell-side analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's dividend payout ratio is presently 125.00%.

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.