CenterBook Partners LP Purchases Shares of 82,145 Pan American Silver Corp. (NYSE:PAAS)

CenterBook Partners LP acquired a new stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 82,145 shares of the basic materials company's stock, valued at approximately $1,661,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Pan American Silver in the fourth quarter valued at about $43,000. Barclays PLC grew its position in shares of Pan American Silver by 156.4% during the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company's stock worth $1,282,000 after buying an additional 37,480 shares during the period. Triasima Portfolio Management inc. acquired a new position in shares of Pan American Silver in the 4th quarter valued at $2,911,000. Ingalls & Snyder LLC raised its holdings in shares of Pan American Silver by 5.4% during the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock worth $34,920,000 after acquiring an additional 89,011 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of Pan American Silver by 73.2% in the third quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company's stock worth $1,869,000 after purchasing an additional 37,804 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. BMO Capital Markets began coverage on Pan American Silver in a report on Wednesday. They issued a "market perform" rating on the stock. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Royal Bank of Canada boosted their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Finally, Scotiabank increased their price target on Pan American Silver from $28.50 to $32.00 and gave the stock a "sector outperform" rating in a research report on Monday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver has an average rating of "Hold" and a consensus price target of $28.50.

Pan American Silver Price Performance

Shares of NYSE PAAS traded up $0.71 during mid-day trading on Wednesday, hitting $28.17. 2,619,554 shares of the stock traded hands, compared to its average volume of 3,709,880. The firm has a 50 day simple moving average of $24.88 and a two-hundred day simple moving average of $23.16. The company has a market cap of $10.20 billion, a PE ratio of 88.03 and a beta of 1.06. Pan American Silver Corp. has a twelve month low of $17.86 and a twelve month high of $28.57. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96.

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 analysts' consensus estimates of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The firm had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.42%. The ex-dividend date was Monday, March 3rd. Pan American Silver's dividend payout ratio (DPR) is presently 125.00%.

About Pan American Silver

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.