Golden State Equity Partners Grows Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Golden State Equity Partners grew its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 50.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,000 shares of the basic materials company's stock after purchasing an additional 10,000 shares during the period. Golden State Equity Partners' holdings in Pan American Silver were worth $775,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PAAS. Norges Bank bought a new position in Pan American Silver during the fourth quarter worth $91,916,000. Jupiter Asset Management Ltd. bought a new stake in shares of Pan American Silver in the fourth quarter valued at approximately $24,083,000. Hsbc Holdings PLC raised its position in shares of 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 valued at $26,300,000 after purchasing an additional 1,135,839 shares during the period. Renaissance Technologies LLC raised its position in shares of 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 valued at $30,295,000 after purchasing an additional 784,906 shares during the period. Finally, Man Group plc raised its position in shares of 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 valued at $19,160,000 after purchasing an additional 750,858 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on PAAS. CIBC increased their price target on shares of Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a report on Thursday, May 8th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. TD Securities cut their price objective 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. BMO Capital Markets began coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating for the company. Finally, Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $30.60.

Pan American Silver Stock Down 4.9%

NYSE:PAAS traded down $1.42 on Friday, reaching $27.71. 4,914,373 shares of the stock traded hands, compared to its average volume of 3,940,265. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 0.49 and a beta of 0.63. The company has a current ratio of 2.93, a quick ratio of 1.94 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $29.66. The company's fifty day simple moving average is $26.06 and its 200 day simple moving average is $24.46.

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, topping analysts' consensus estimates of $0.19 by $0.23. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $696.62 million. During the same quarter last year, the firm posted $0.01 earnings per share. The firm's revenue was up 28.6% compared to the same quarter last year. 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 was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.44%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's dividend payout ratio is presently 45.98%.

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.