SG Americas Securities LLC Increases Stake in Pan American Silver Corp. (NYSE:PAAS)

SG Americas Securities LLC lifted its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 187.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 376,448 shares of the basic materials company's stock after acquiring an additional 245,575 shares during the quarter. SG Americas Securities LLC owned about 0.10% of Pan American Silver worth $9,724,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PAAS. SBI Securities Co. Ltd. bought a new stake in Pan American Silver during the fourth quarter valued at about $43,000. Ingalls & Snyder LLC increased its holdings in shares of Pan American Silver by 5.4% during the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock worth $34,920,000 after buying an additional 89,011 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Pan American Silver by 11.0% in the fourth 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 in the last quarter. Renaissance Technologies LLC increased its holdings in shares of 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 valued at $30,295,000 after purchasing an additional 784,906 shares in the last quarter. Finally, Credit Industriel ET Commercial acquired a new stake in Pan American Silver during the 4th quarter worth $8,537,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on PAAS shares. 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 on the stock. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. CIBC upped 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 note on Thursday, May 8th. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Pan American Silver presently has an average rating of "Moderate Buy" and an average price target of $30.60.

Pan American Silver Stock Performance

PAAS stock traded up $0.06 during mid-day trading on Friday, hitting $29.02. The company had a trading volume of 5,050,190 shares, compared to its average volume of 3,907,719. The firm has a market cap of $10.51 billion, a PE ratio of 90.67 and a beta of 0.63. 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 fifty day moving average price is $25.47 and its two-hundred day moving average price is $24.03. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $29.66.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.19 by $0.23. The company had revenue of $773.20 million during 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.01 earnings per share. On average, analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's payout ratio is currently 45.98%.

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.