Hussman Strategic Advisors Inc. Grows Holdings in Pan American Silver Corp. (NYSE:PAAS)

Hussman Strategic Advisors Inc. raised its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 319.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,000 shares of the basic materials company's stock after buying 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.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. bought a new stake in Pan American Silver in the first quarter worth about $33,000. Farther Finance Advisors LLC raised its position in Pan American Silver by 164.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock worth $39,000 after acquiring an additional 1,209 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Pan American Silver by 507.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock worth $116,000 after acquiring an additional 3,759 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Pan American Silver in the fourth quarter worth about $118,000. Finally, Rossby Financial LCC bought a new stake in Pan American Silver in the first quarter worth about $151,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Performance

Pan American Silver stock traded up $1.39 during mid-day trading on Monday, reaching $29.48. The company's stock had a trading volume of 2,380,624 shares, compared to its average volume of 4,004,623. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $31.03. The company has a market capitalization of $10.67 billion, a P/E ratio of 33.87, a PEG ratio of 0.44 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. The firm's fifty day moving average price is $27.16 and its two-hundred day moving average price is $25.31.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.23. The business had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. Pan American Silver's revenue was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 EPS. Sell-side analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.

Analysts Set New Price Targets

Several brokerages have commented on PAAS. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. CIBC reissued an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. BMO Capital Markets initiated coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They issued a "market perform" rating on the stock. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Finally, Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.