PKO Investment Management Joint Stock Co Acquires New Shares in Pan American Silver Corp. (NYSE:PAAS)

PKO Investment Management Joint Stock Co acquired a new stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 166,266 shares of the basic materials company's stock, valued at approximately $3,365,000.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in Pan American Silver by 6.0% during the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock valued at $160,000 after buying an additional 451 shares in the last quarter. US Bancorp DE raised its holdings 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 in the last quarter. Jones Financial Companies Lllp raised its holdings 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 in the last quarter. Principal Securities Inc. raised its holdings in Pan American Silver by 12.5% during the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock valued at $121,000 after buying an additional 664 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in Pan American Silver by 2.4% during the fourth quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock valued at $611,000 after buying an additional 715 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Price Performance

NYSE PAAS traded down $0.21 during trading on Thursday, reaching $24.18. 3,262,633 shares of the company traded hands, compared to its average volume of 3,766,927. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The stock's 50 day moving average price is $24.78 and its two-hundred day moving average price is $23.57. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 75.56 and a beta of 0.75. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $28.60.

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 earnings per share for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 earnings per share. As a group, analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.65%. The ex-dividend date is Tuesday, May 20th. Pan American Silver's dividend payout ratio is 45.98%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PAAS shares. BMO Capital Markets started coverage on Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating on the stock. CIBC lifted their price objective on Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a research note on Thursday, May 8th. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. TD Securities dropped their price objective on 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, Royal Bank of Canada lifted their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.60.

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.