Credit Industriel ET Commercial Invests $8.54 Million in Pan American Silver Corp. (NYSE:PAAS)

Credit Industriel ET Commercial purchased a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 422,200 shares of the basic materials company's stock, valued at approximately $8,537,000. Pan American Silver makes up approximately 1.1% of Credit Industriel ET Commercial's holdings, making the stock its 10th largest position. Credit Industriel ET Commercial owned approximately 0.12% of Pan American Silver as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Pan American Silver during the 4th quarter valued at $91,916,000. Jupiter Asset Management Ltd. purchased a new position in shares of Pan American Silver during the 4th quarter valued at $24,083,000. Hsbc Holdings PLC grew its holdings in shares of Pan American Silver by 661.2% during 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 acquiring an additional 1,135,839 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Pan American Silver by 110.0% during 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 acquiring an additional 784,906 shares in the last quarter. Finally, Man Group plc grew its holdings in shares of Pan American Silver by 381.7% during the 4th quarter. Man Group plc now owns 947,560 shares of the basic materials company's stock valued at $19,160,000 after acquiring an additional 750,858 shares in the last quarter. Institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Performance

PAAS stock traded down $0.01 during mid-day trading on Friday, reaching $24.20. 1,540,447 shares of the stock traded hands, compared to its average volume of 3,758,284. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 52 week low of $17.86 and a 52 week high of $28.60. The business has a 50-day moving average of $24.78 and a two-hundred day moving average of $23.57. The firm has a market capitalization of $8.76 billion, a PE ratio of 75.61 and a beta of 0.75.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released 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 net margin of 3.98% and a return on equity of 6.14%. 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 company earned $0.01 earnings per share. The firm's revenue was up 28.6% on a year-over-year basis. As a group, equities analysts predict 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 will be paid on Monday, June 2nd. Investors of record on Tuesday, May 20th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.65%. The ex-dividend date is Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.

Analysts Set New Price Targets

PAAS has been the topic of several research analyst reports. TD Securities lowered their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. BMO Capital Markets began coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating on the stock. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada increased their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $30.60.

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.