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

Cable Hill Partners LLC acquired a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,000 shares of the basic materials company's stock, valued at approximately $252,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Graybill Wealth Management LTD. bought a new position in Pan American Silver in the 1st quarter valued at approximately $33,000. Farther Finance Advisors LLC raised its stake in Pan American Silver by 164.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after buying an additional 1,209 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Pan American Silver by 507.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock valued at $116,000 after buying an additional 3,759 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Pan American Silver during the 4th quarter valued at $118,000. Finally, Rossby Financial LCC purchased a new stake in Pan American Silver during the 1st quarter valued at $151,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Performance

Shares of NYSE:PAAS traded down $0.32 during midday trading on Friday, hitting $28.07. The company had a trading volume of 5,414,454 shares, compared to its average volume of 4,009,614. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.93 and a quick ratio of 1.94. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 0.45 and a beta of 0.67. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $31.03. The company has a fifty day moving average of $27.14 and a two-hundred day moving average of $25.19.

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

Pan American Silver Announces Dividend

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

Analysts Set New Price Targets

PAAS has been the subject of a number of research reports. Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research note on Tuesday. TD Securities decreased their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Finally, BMO Capital Markets assumed coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating for the company. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Pan American Silver currently has an average rating of "Moderate Buy" and an average target price 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.