D.A. Davidson & CO. Makes New Investment in Pan American Silver Corp. (NYSE:PAAS)

D.A. Davidson & CO. purchased 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 Securities and Exchange Commission (SEC). The institutional investor purchased 13,867 shares of the basic materials company's stock, valued at approximately $358,000.

Several other hedge funds have also modified their holdings of PAAS. Farther Finance Advisors LLC raised 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 worth $39,000 after purchasing an additional 1,209 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Pan American Silver by 23.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after acquiring an additional 549 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Pan American Silver during the fourth quarter valued at approximately $118,000. US Bancorp DE raised its holdings in shares of Pan American Silver by 9.6% during the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock valued at $124,000 after acquiring an additional 539 shares during the last quarter. Finally, Rossby Financial LCC acquired a new position in shares of Pan American Silver during the first quarter valued at approximately $151,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Trading Down 0.2%

Shares of PAAS traded down $0.06 during midday trading on Tuesday, hitting $29.70. 5,037,509 shares of the stock were exchanged, compared to its average volume of 3,999,196. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $31.03. The stock has a fifty day simple moving average of $26.79 and a 200 day simple moving average of $25.01. The firm has a market cap of $10.75 billion, a P/E ratio of 34.13, a P/E/G ratio of 0.53 and a beta of 0.67. 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 results 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. 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 analyst estimates of $696.62 million. During the same period last year, the business posted $0.01 earnings per share. The company's quarterly revenue was up 28.6% on a year-over-year basis. On average, research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's payout ratio is currently 45.98%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PAAS. CIBC upped their price target on Pan American Silver from $39.00 to $46.00 and gave the company an "outperformer" rating in a research report on Tuesday. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. BMO Capital Markets began coverage on Pan American Silver in a research report on Wednesday, April 16th. They issued a "market perform" rating for the company. Finally, TD Securities lowered their price objective 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 research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Pan American Silver has a consensus rating of "Moderate Buy" and a consensus target price of $31.40.

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.