Pullen Investment Management LLC Purchases 25,154 Shares of Pan American Silver Corp. (NYSE:PAAS)

Pullen Investment Management LLC increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 40.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,748 shares of the basic materials company's stock after acquiring an additional 25,154 shares during the quarter. Pan American Silver makes up about 1.1% of Pullen Investment Management LLC's portfolio, making the stock its 27th largest position. Pullen Investment Management LLC's holdings in Pan American Silver were worth $1,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in shares of Pan American Silver in the fourth quarter valued at $43,000. Ingalls & Snyder LLC raised its holdings in shares of Pan American Silver by 5.4% in the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock worth $34,920,000 after acquiring an additional 89,011 shares during the last quarter. Triasima Portfolio Management inc. bought a new position in Pan American Silver in the 4th quarter valued at about $2,911,000. Allspring Global Investments Holdings LLC boosted its stake in 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 purchasing an additional 48,419 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in 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 worth $30,295,000 after purchasing an additional 784,906 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on PAAS. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. CIBC raised their price target on shares of Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research report on Thursday, May 8th. TD Securities reduced 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. 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. Finally, Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.60.

Pan American Silver Price Performance

Pan American Silver stock traded up $0.02 during midday trading on Friday, hitting $24.22. 1,661,297 shares of the company's stock were exchanged, compared to its average volume of 3,758,854. The stock has a 50-day moving average price of $24.78 and a two-hundred day moving average price of $23.57. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $28.60. The company has a market cap of $8.77 billion, a P/E ratio of 75.71 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 posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $696.62 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. Pan American Silver's revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. On average, equities research analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

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 issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, May 20th. Pan American Silver's payout ratio is currently 45.98%.

Pan American Silver Company 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.