Credit Industriel ET Commercial Takes Position in Pan American Silver Corp. (NYSE:PAAS)

Credit Industriel ET Commercial bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 422,200 shares of the basic materials company's stock, valued at approximately $8,537,000. Pan American Silver accounts for approximately 1.1% of Credit Industriel ET Commercial's portfolio, making the stock its 10th biggest holding. Credit Industriel ET Commercial owned approximately 0.12% of Pan American Silver as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Comprehensive Financial Planning Inc. PA acquired a new position in Pan American Silver in the 4th quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Pan American Silver in the 4th quarter valued at $32,000. Farther Finance Advisors LLC grew its holdings in Pan American Silver by 164.3% in 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 in the last quarter. SBI Securities Co. Ltd. acquired a new position in Pan American Silver in the 4th quarter valued at $43,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Pan American Silver in the 4th quarter valued at $53,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Price Performance

Shares of PAAS stock traded up $0.26 on Wednesday, hitting $24.36. 3,678,004 shares of the company's stock were exchanged, compared to its average volume of 3,767,145. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $28.60. The stock has a market cap of $8.82 billion, a P/E ratio of 76.13 and a beta of 0.75. The company has a 50 day moving average of $24.85 and a 200 day moving average of $23.55.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced 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 6.14% and a net margin of 3.98%. The business had revenue of $773.20 million during the quarter, compared to the consensus estimate of $696.62 million. During the same period in the prior year, the company earned $0.01 EPS. Pan American Silver's revenue for the quarter was up 28.6% on a year-over-year basis. On average, equities research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 20th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.64%. Pan American Silver's dividend payout ratio is currently 45.98%.

Analyst Ratings Changes

A number of brokerages have commented on PAAS. BMO Capital Markets began coverage on Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating on the stock. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Royal Bank of Canada upped their target price on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Finally, TD Securities cut their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, May 22nd. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $30.60.

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.