Oxbow Advisors LLC Increases Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Oxbow Advisors LLC increased its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 106.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 335,110 shares of the basic materials company's stock after acquiring an additional 172,944 shares during the period. Pan American Silver comprises approximately 0.9% of Oxbow Advisors LLC's holdings, making the stock its 21st largest position. Oxbow Advisors LLC owned approximately 0.09% of Pan American Silver worth $8,656,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Pan American Silver in the 4th quarter worth approximately $91,916,000. Hsbc Holdings PLC grew its position 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 worth $26,300,000 after purchasing an additional 1,135,839 shares during the period. Renaissance Technologies LLC grew its position 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 worth $30,295,000 after purchasing an additional 784,906 shares during the period. Man Group plc grew its position in Pan American Silver by 381.7% in the 4th quarter. Man Group plc now owns 947,560 shares of the basic materials company's stock worth $19,160,000 after purchasing an additional 750,858 shares during the period. Finally, Two Sigma Investments LP grew its position in Pan American Silver by 2,009.4% in the 4th quarter. Two Sigma Investments LP now owns 651,584 shares of the basic materials company's stock worth $13,175,000 after purchasing an additional 620,694 shares during the period. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. 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 cut 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 report on Thursday, May 22nd. Finally, BMO Capital Markets initiated 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, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.60.

Pan American Silver Trading Up 3.4%

Shares of Pan American Silver stock opened at $30.33 on Friday. The company has a market capitalization of $10.98 billion, a P/E ratio of 34.86, a P/E/G ratio of 0.53 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 company has a fifty day moving average of $26.79 and a 200 day moving average of $24.98. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $30.48.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its 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 company had revenue of $773.20 million during 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%. Pan American Silver's quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS. On average, sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) 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.

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