MQS Management LLC acquired a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,751 shares of the basic materials company's stock, valued at approximately $433,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in PAAS. Farther Finance Advisors LLC grew its position in Pan American Silver by 164.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after buying an additional 1,209 shares during the period. Jones Financial Companies Lllp grew its position in 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 buying an additional 549 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Pan American Silver during the fourth quarter valued at $118,000. US Bancorp DE grew its position in 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 buying an additional 539 shares during the period. Finally, Rossby Financial LCC acquired a new stake in Pan American Silver during the first quarter valued at $151,000. Institutional investors and hedge funds own 55.43% of the company's stock.
Pan American Silver Price Performance
Shares of NYSE:PAAS traded down $0.59 during midday trading on Tuesday, hitting $29.17. The company's stock had a trading volume of 1,541,728 shares, compared to its average volume of 4,476,819. The business's 50 day simple moving average is $26.79 and its 200 day simple moving average is $25.01. 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 company has a market cap of $10.56 billion, a P/E ratio of 33.52, a price-to-earnings-growth ratio of 0.53 and a beta of 0.67. 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 posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping 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 net margin of 10.45% and a return on equity of 9.25%. The company's revenue for the quarter was up 28.6% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. On average, analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.
Pan American Silver Announces Dividend
The firm also recently declared 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 1.37%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's dividend payout ratio is currently 45.98%.
Analyst Upgrades and Downgrades
Several research firms recently commented on PAAS. TD Securities dropped their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. CIBC lifted their target price on shares of Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research report on Thursday, May 8th. BMO Capital Markets started coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They issued a "market perform" rating on the stock. Finally, Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.60.
Check Out Our Latest Research Report on PAAS
About Pan American Silver
(
Free Report)
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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