PKO Investment Management Joint Stock Co acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 166,266 shares of the basic materials company's stock, valued at approximately $3,365,000.
Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its position in Pan American Silver by 23.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 46,824 shares of the basic materials company's stock valued at $947,000 after purchasing an additional 8,862 shares during the last quarter. DAVENPORT & Co LLC boosted its position in Pan American Silver by 12.9% during the fourth quarter. DAVENPORT & Co LLC now owns 69,384 shares of the basic materials company's stock valued at $1,403,000 after purchasing an additional 7,911 shares during the last quarter. Ninety One SA PTY Ltd raised its holdings in shares of Pan American Silver by 14.0% in the 4th quarter. Ninety One SA PTY Ltd now owns 29,925 shares of the basic materials company's stock valued at $605,000 after purchasing an additional 3,669 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of Pan American Silver in the 4th quarter valued at about $735,000. Finally, Triasima Portfolio Management inc. bought a new stake in shares of Pan American Silver in the 4th quarter valued at about $2,911,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
PAAS has been the topic of a number of research analyst reports. BMO Capital Markets initiated coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating on the stock. CIBC upped their target price on shares of Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a report on Thursday, May 8th. TD Securities dropped 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 report on Thursday, May 22nd. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. 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 investment 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's stock. Based on data from MarketBeat.com, Pan American Silver has a consensus rating of "Moderate Buy" and a consensus price target of $30.60.
Get Our Latest Report on Pan American Silver
Pan American Silver Stock Performance
PAAS traded up $0.20 on Friday, reaching $24.40. The company had a trading volume of 3,214,792 shares, compared to its average volume of 3,769,748. The company's fifty day moving average is $24.75 and its 200 day moving average is $23.61. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $28.60. The stock has a market cap of $8.84 billion, a P/E ratio of 76.25 and a beta of 0.75. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.23. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. During the same quarter in the prior year, the business posted $0.01 EPS. The business's revenue was up 28.6% compared to the same quarter last year. As a group, analysts predict 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 announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. Pan American Silver's payout ratio is presently 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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