Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Makes New Investment in Pan American Silver Corp. (NYSE:PAAS)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 149,962 shares of the basic materials company's stock, valued at approximately $3,032,000. Pan American Silver accounts for about 9.0% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 4th biggest holding.

Several other large investors have also recently added to or reduced their stakes in PAAS. Signaturefd LLC boosted its stake in shares of Pan American Silver by 6.0% in the 4th quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock valued at $160,000 after buying an additional 451 shares during the period. US Bancorp DE lifted its stake in Pan American Silver by 9.6% in the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock worth $124,000 after acquiring an additional 539 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Pan American Silver by 23.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock worth $58,000 after acquiring an additional 549 shares during the last quarter. Principal Securities Inc. grew its holdings in Pan American Silver by 12.5% during the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock worth $121,000 after acquiring an additional 664 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of Pan American Silver by 2.4% in the 4th quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock valued at $611,000 after purchasing an additional 715 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Royal Bank of Canada lifted their price target on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. BMO Capital Markets initiated coverage on Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating for the company. TD Securities dropped their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. Finally, CIBC boosted their target price on Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Pan American Silver has an average rating of "Moderate Buy" and an average price target of $30.60.

Pan American Silver Stock Performance

NYSE:PAAS traded down $0.02 during mid-day trading on Thursday, reaching $24.38. 1,686,791 shares of the stock were exchanged, compared to its average volume of 3,759,049. The company has a 50 day simple moving average of $24.82 and a 200-day simple moving average of $23.55. The stock has a market capitalization of $8.83 billion, a P/E ratio of 76.12 and a beta of 0.75. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $28.60. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

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, topping the consensus estimate of $0.19 by $0.23. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The firm had revenue of $773.20 million during the quarter, compared to the consensus estimate of $696.62 million. During the same period last year, the company earned $0.01 earnings per share. The company's revenue for the quarter was up 28.6% on a year-over-year basis. Analysts anticipate 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. This represents a $0.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is 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.