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

D.A. Davidson & CO. purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,867 shares of the basic materials company's stock, valued at approximately $358,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PAAS. Norges Bank purchased a new stake in Pan American Silver in the fourth quarter worth $91,916,000. Hsbc Holdings PLC increased its stake in Pan American Silver by 661.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company's stock worth $26,300,000 after purchasing an additional 1,135,839 shares during the period. Renaissance Technologies LLC increased its stake in Pan American Silver by 110.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,498,246 shares of the basic materials company's stock worth $30,295,000 after purchasing an additional 784,906 shares during the period. Man Group plc increased its stake in Pan American Silver by 381.7% in the fourth quarter. Man Group plc now owns 947,560 shares of the basic materials company's stock worth $19,160,000 after purchasing an additional 750,858 shares during the period. Finally, Two Sigma Investments LP increased its stake in Pan American Silver by 2,009.4% in the fourth quarter. Two Sigma Investments LP now owns 651,584 shares of the basic materials company's stock worth $13,175,000 after purchasing an additional 620,694 shares during the period. Hedge funds and other institutional investors own 55.43% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on PAAS. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. TD Securities lowered their price target 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. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. Finally, CIBC upped their price target on Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Pan American Silver currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.60.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $30.33 on Friday. The company has a quick ratio of 1.94, a current ratio of 2.93 and a debt-to-equity ratio of 0.16. The firm has a market cap of $10.98 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 0.51 and a beta of 0.67. Pan American Silver Corp. has a 52 week low of $17.86 and a 52 week high of $30.48. The business's fifty day simple moving average is $26.79 and its 200-day simple moving average is $24.95.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.23. The firm had revenue of $773.20 million for the quarter, compared to the consensus estimate of $696.62 million. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The company's quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 EPS. Equities analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 annualized dividend and a yield of 1.32%. Pan American Silver's dividend payout ratio (DPR) is 45.98%.

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.

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