Oxbow Advisors LLC lifted its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 106.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 335,110 shares of the basic materials company's stock after buying an additional 172,944 shares during the quarter. Pan American Silver makes up about 0.9% of Oxbow Advisors LLC's holdings, making the stock its 21st biggest holding. Oxbow Advisors LLC owned 0.09% of Pan American Silver worth $8,656,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PAAS. Farther Finance Advisors LLC grew its position in Pan American Silver by 164.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 1,209 shares during the last quarter. Jones Financial Companies Lllp grew its position in Pan American Silver by 23.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 549 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Pan American Silver during the 4th quarter valued at about $118,000. US Bancorp DE grew its position in Pan American Silver by 9.6% during the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock valued at $124,000 after purchasing an additional 539 shares during the last quarter. Finally, Rossby Financial LCC purchased a new stake in Pan American Silver during the 1st quarter valued at about $151,000. 55.43% of the stock is owned by hedge funds and other institutional investors.
Pan American Silver Price Performance
PAAS traded down $0.75 during trading on Wednesday, reaching $28.94. 6,415,528 shares of the company traded hands, compared to its average volume of 4,003,193. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.94 and a current ratio of 2.93. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $31.03. The firm has a fifty day simple moving average of $27.08 and a 200 day simple moving average of $25.13. The company has a market cap of $10.47 billion, a P/E ratio of 33.26, a PEG ratio of 0.51 and a beta of 0.67.
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, beating analysts' consensus estimates of $0.19 by $0.23. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The firm had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. During the same period last year, the firm posted $0.01 earnings per share. Pan American Silver's revenue for the quarter was up 28.6% compared to the same quarter last year. On average, equities 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 announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. BMO Capital Markets began coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating on the stock. CIBC restated an "outperform" rating on shares of Pan American Silver in a research note on Tuesday. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. TD Securities lowered their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, May 22nd. 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 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $31.40.
View Our Latest Stock Report on Pan American Silver
Pan American Silver Profile
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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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