Ruffer LLP decreased its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 9.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 980,044 shares of the basic materials company's stock after selling 104,472 shares during the quarter. Pan American Silver accounts for about 1.0% of Ruffer LLP's holdings, making the stock its 24th largest holding. Ruffer LLP owned 0.27% of Pan American Silver worth $25,315,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC acquired a new position in shares of Pan American Silver during the first quarter valued at approximately $222,000. D.A. Davidson & CO. purchased a new stake in shares of Pan American Silver in the first quarter valued at approximately $358,000. Renaissance Technologies LLC grew its position in Pan American Silver by 110.0% in the fourth quarter. Renaissance Technologies LLC now owns 1,498,246 shares of the basic materials company's stock worth $30,295,000 after acquiring an additional 784,906 shares during the period. Credit Industriel ET Commercial purchased a new position in shares of Pan American Silver during the fourth quarter worth $8,537,000. Finally, Wellington Management Group LLP boosted its position in shares of Pan American Silver by 191.0% during the fourth quarter. Wellington Management Group LLP now owns 167,847 shares of the basic materials company's stock worth $3,394,000 after buying an additional 110,170 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on PAAS shares. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Wall Street Zen raised Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. BMO Capital Markets assumed coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They issued a "market perform" rating for the company. Finally, TD Securities dropped their price target 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. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Pan American Silver has an average rating of "Moderate Buy" and a consensus price target of $31.40.
View Our Latest Research Report on PAAS
Pan American Silver Stock Up 0.7%
Shares of PAAS traded up $0.21 during midday trading on Wednesday, hitting $29.35. The company had a trading volume of 5,763,522 shares, compared to its average volume of 4,753,976. The company's 50 day moving average price is $28.39 and its 200 day moving average price is $25.89. The company has a quick ratio of 1.94, a current ratio of 2.93 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 52 week low of $18.15 and a 52 week high of $31.03. The stock has a market cap of $10.62 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 0.39 and a beta of 0.60.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The firm's revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 earnings per share. On average, equities research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.
Pan American Silver Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. Pan American Silver's payout ratio is currently 45.98%.
Pan American Silver Company 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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