Cable Hill Partners LLC Makes New $252,000 Investment in Pan American Silver Corp. (NYSE:PAAS)

Cable Hill Partners LLC acquired a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,000 shares of the basic materials company's stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Concurrent Investment Advisors LLC bought a new stake in Pan American Silver in the first quarter worth approximately $222,000. D.A. Davidson & CO. bought a new stake in Pan American Silver during the first quarter worth $358,000. Renaissance Technologies LLC grew its holdings in Pan American Silver by 110.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,498,246 shares of the basic materials company's stock worth $30,295,000 after buying an additional 784,906 shares in the last quarter. Credit Industriel ET Commercial purchased a new position in Pan American Silver in the fourth quarter worth $8,537,000. Finally, Vanguard Group Inc. boosted its position in 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. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Down 1.1%

PAAS stock traded down $0.32 during trading on Friday, hitting $28.07. 5,414,454 shares of the company traded hands, compared to its average volume of 4,010,408. The firm has a market capitalization of $10.16 billion, a PE ratio of 32.26, a P/E/G ratio of 0.44 and a beta of 0.67. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $31.03. The company has a 50-day moving average of $27.16 and a 200-day moving average of $25.31. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.94 and a current ratio of 2.93.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping 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 business had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. During the same quarter last year, the business posted $0.01 EPS. The business's revenue was up 28.6% on a year-over-year basis. Analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's payout ratio is presently 45.98%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. CIBC reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. TD Securities decreased their price objective 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. Finally, BMO Capital Markets started coverage on Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating on the stock. Four 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 stock. According to data from MarketBeat, Pan American Silver presently has a consensus rating of "Moderate Buy" and a consensus target price 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.