Ninepoint Partners LP Acquires New Shares in Pan American Silver Corp. (NYSE:PAAS)

Ninepoint Partners LP bought a new stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 47,655 shares of the basic materials company's stock, valued at approximately $1,231,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new stake in shares of Pan American Silver during the first quarter worth $33,000. Farther Finance Advisors LLC raised its position in shares of Pan American Silver by 39.8% during the first quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock worth $70,000 after purchasing an additional 775 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Pan American Silver by 507.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock worth $116,000 after purchasing an additional 3,759 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Pan American Silver during the fourth quarter worth $118,000. Finally, Rossby Financial LCC acquired a new stake in shares of Pan American Silver during the first quarter worth $151,000. Institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Performance

NYSE:PAAS traded down $0.12 during mid-day trading on Friday, hitting $29.15. 4,199,695 shares of the company's stock traded hands, compared to its average volume of 4,710,481. The firm has a 50 day moving average of $27.83 and a two-hundred day moving average of $25.54. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $31.03. The firm has a market capitalization of $10.55 billion, a price-to-earnings ratio of 33.50, a price-to-earnings-growth ratio of 0.42 and a beta of 0.67. The company has a current ratio of 2.93, a quick ratio of 1.94 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.23. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The firm had revenue of $773.20 million during the quarter, compared to the consensus estimate of $696.62 million. During the same quarter in the prior year, the company earned $0.01 EPS. The firm's revenue for the quarter was up 28.6% compared to the same quarter last year. On average, equities analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.37%. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. BMO Capital Markets assumed coverage on Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating for the company. CIBC restated an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. TD Securities lowered their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, May 22nd. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. Finally, National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Pan American Silver has an average rating of "Moderate Buy" and an average price target of $31.40.

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.