Northern Trust Corp Purchases 56,826 Shares of Pan American Silver Corp. (NYSE:PAAS)

Northern Trust Corp raised its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 210.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,871 shares of the basic materials company's stock after acquiring 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 bought and sold shares of PAAS. SBI Securities Co. Ltd. acquired a new stake in shares of Pan American Silver during the 4th quarter valued at about $43,000. Ingalls & Snyder LLC lifted its holdings in shares of Pan American Silver by 5.4% during the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock valued at $34,920,000 after buying an additional 89,011 shares during the last quarter. Triasima Portfolio Management inc. acquired a new stake in shares of Pan American Silver during the 4th quarter valued at about $2,911,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Pan American Silver by 11.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 488,119 shares of the basic materials company's stock valued at $9,869,000 after buying an additional 48,419 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Pan American Silver by 110.0% during 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 buying an additional 784,906 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PAAS. BMO Capital Markets began coverage on Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating for the company. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. CIBC boosted their target price on Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a report on Thursday, May 8th. TD Securities reduced their target price 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. Finally, Royal Bank of Canada boosted their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Pan American Silver has a consensus rating of "Moderate Buy" and an average target price of $30.60.

Pan American Silver Stock Performance

NYSE PAAS traded down $0.21 during trading on Thursday, hitting $24.18. The company's stock had a trading volume of 3,262,633 shares, compared to its average volume of 3,765,134. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average price of $24.82 and a 200 day moving average price of $23.55. The firm has a market cap of $8.76 billion, a P/E ratio of 75.56 and a beta of 0.75. Pan American Silver Corp. has a 52 week low of $17.86 and a 52 week high of $28.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.19 by $0.23. The company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $696.62 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The company's revenue for the quarter was up 28.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 EPS. Equities research analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is 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.