Hussman Strategic Advisors Inc. Acquires 81,500 Shares of Pan American Silver Corp. (NYSE:PAAS)

Hussman Strategic Advisors Inc. lifted its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 319.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 107,000 shares of the basic materials company's stock after purchasing an additional 81,500 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Pan American Silver were worth $2,764,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAAS. Vanguard Group Inc. grew its stake in shares of Pan American Silver by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company's stock valued at $283,385,000 after purchasing an additional 221,561 shares during the period. FIL Ltd lifted its holdings in Pan American Silver by 4.6% during the 4th quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company's stock worth $270,848,000 after buying an additional 584,017 shares in the last quarter. Norges Bank acquired a new position in Pan American Silver during the 4th quarter worth $91,916,000. Ameriprise Financial Inc. lifted its holdings in Pan American Silver by 18.3% during the 4th quarter. Ameriprise Financial Inc. now owns 3,146,182 shares of the basic materials company's stock worth $63,658,000 after buying an additional 486,622 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Pan American Silver by 32.2% during the 4th quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company's stock worth $40,776,000 after buying an additional 494,133 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. TD Securities reduced their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, May 22nd. CIBC restated an "outperform" rating on shares of Pan American Silver in a report on Tuesday. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. Finally, BMO Capital Markets started coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating for the company. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $31.40.

Pan American Silver Trading Down 1.2%

PAAS traded down $0.35 during trading on Friday, reaching $28.04. 1,169,457 shares of the stock traded hands, compared to its average volume of 4,485,650. The stock has a market capitalization of $10.15 billion, a PE ratio of 32.23, a P/E/G ratio of 0.45 and a beta of 0.67. The stock's 50-day moving average is $27.14 and its 200 day moving average is $25.19. The company has a quick ratio of 1.94, a current ratio of 2.93 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 $31.03.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released 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. The company had revenue of $773.20 million for the quarter, compared to analysts' expectations of $696.62 million. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The business's revenue was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. Equities analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

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. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 annualized dividend and a yield of 1.43%. Pan American Silver's payout ratio is 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.

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