Northern Trust Corp increased its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 210.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,871 shares of the basic materials company's stock after purchasing an additional 56,826 shares during the quarter. Northern Trust Corp's holdings in Pan American Silver were worth $1,696,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in PAAS. Norges Bank purchased a new position in shares of Pan American Silver during the 4th quarter worth $91,916,000. Jupiter Asset Management Ltd. bought a new stake in shares of Pan American Silver during the 4th quarter valued at $24,083,000. Hsbc Holdings PLC increased its holdings in Pan American Silver by 661.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company's stock valued at $26,300,000 after acquiring an additional 1,135,839 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Pan American Silver by 110.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,498,246 shares of the basic materials company's stock valued at $30,295,000 after acquiring an additional 784,906 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Pan American Silver by 135.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,062,315 shares of the basic materials company's stock worth $21,463,000 after buying an additional 611,545 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on PAAS. Royal Bank of Canada lifted their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. TD Securities reduced 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 set a "market perform" rating for the company. Finally, Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.60.
Get Our Latest Stock Analysis on Pan American Silver
Pan American Silver Stock Performance
Pan American Silver stock traded up $0.20 during mid-day trading on Friday, reaching $24.40. 3,214,792 shares of the company traded hands, compared to its average volume of 3,769,748. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $28.60. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of 76.25 and a beta of 0.75. The firm's fifty day moving average is $24.75 and its two-hundred day moving average is $23.60.
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 EPS for the quarter, beating the consensus estimate of $0.19 by $0.23. The business 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 3.98% and a return on equity of 6.14%. The business's revenue for the quarter was up 28.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. On average, equities research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.
Pan American Silver Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is currently 45.98%.
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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