Alps Advisors Inc. Buys Shares of 30,388 Pan American Silver Corp. (NYSE:PAAS)

Alps Advisors Inc. acquired a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 30,388 shares of the basic materials company's stock, valued at approximately $785,000.

Several other large investors have also recently added to or reduced their stakes in PAAS. Norges Bank bought a new stake in Pan American Silver in the 4th quarter valued at $91,916,000. Hsbc Holdings PLC boosted its holdings in Pan American Silver by 661.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company's stock valued at $26,300,000 after purchasing an additional 1,135,839 shares during the period. Renaissance Technologies LLC boosted its holdings in Pan American Silver by 110.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,498,246 shares of the basic materials company's stock valued at $30,295,000 after purchasing an additional 784,906 shares during the period. Man Group plc boosted its holdings in Pan American Silver by 381.7% in the 4th quarter. Man Group plc now owns 947,560 shares of the basic materials company's stock valued at $19,160,000 after purchasing an additional 750,858 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in Pan American Silver by 2,009.4% in the 4th quarter. Two Sigma Investments LP now owns 651,584 shares of the basic materials company's stock valued at $13,175,000 after purchasing an additional 620,694 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Trading Down 0.1%

Shares of NYSE:PAAS traded down $0.03 during trading on Friday, hitting $28.36. 2,743,535 shares of the company's stock were exchanged, compared to its average volume of 4,000,932. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $31.03. The firm has a 50-day moving average price of $27.14 and a two-hundred day moving average price of $25.19. The company has a current ratio of 2.93, a quick ratio of 1.94 and a debt-to-equity ratio of 0.16. The firm has a market cap of $10.27 billion, a P/E ratio of 32.59, a PEG ratio of 0.45 and a beta of 0.67.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The firm had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. The business's revenue was up 28.6% on a year-over-year basis. Equities analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders 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 yield of 1.41%. Pan American Silver's dividend payout ratio is currently 45.98%.

Analysts Set New Price Targets

A number of analysts have weighed in on PAAS shares. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. BMO Capital Markets began coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating for the company. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. TD Securities reduced their price objective on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, May 22nd. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $31.40.

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.