Stock Yards Bank & Trust Co. Acquires New Holdings in Pan American Silver Corp. (NYSE:PAAS)

Stock Yards Bank & Trust Co. acquired a new stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,000 shares of the basic materials company's stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in Pan American Silver in the 4th quarter worth approximately $43,000. Allspring Global Investments Holdings LLC lifted its holdings in 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 worth $9,869,000 after acquiring an additional 48,419 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Pan American Silver by 110.0% during 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 last quarter. Credit Industriel ET Commercial bought a new position in Pan American Silver in the 4th quarter worth approximately $8,537,000. Finally, Vanguard Group Inc. lifted its holdings in Pan American Silver by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company's stock worth $283,385,000 after purchasing an additional 221,561 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PAAS. Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. CIBC raised their target price on Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a report on Thursday, May 8th. Finally, BMO Capital Markets started coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They issued a "market perform" rating on the stock. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $30.60.

Pan American Silver Price Performance

Shares of NYSE:PAAS traded down $0.33 during midday trading on Thursday, reaching $29.02. The company's stock had a trading volume of 5,200,709 shares, compared to its average volume of 3,929,915. The business's fifty day simple moving average is $25.80 and its 200-day simple moving average is $24.14. The company has a market capitalization of $10.51 billion, a P/E ratio of 33.36, a P/E/G ratio of 0.54 and a beta of 0.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.93 and a quick ratio of 1.94. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $29.66.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results 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. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. During the same quarter last year, the business posted $0.01 earnings per share. Pan American Silver's revenue for the quarter was up 28.6% compared to the same quarter last year. As a group, equities research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

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

About Pan American Silver

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.