Triasima Portfolio Management inc. Grows Position in Pan American Silver Corp. (NYSE:PAAS)

Triasima Portfolio Management inc. grew its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 13.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,510 shares of the basic materials company's stock after buying an additional 19,535 shares during the period. Triasima Portfolio Management inc.'s holdings in Pan American Silver were worth $4,223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Concurrent Investment Advisors LLC bought a new stake in shares of Pan American Silver during the first quarter valued at about $222,000. D.A. Davidson & CO. bought a new stake in shares of Pan American Silver during the first quarter valued at about $358,000. Renaissance Technologies LLC increased its position 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 worth $30,295,000 after purchasing an additional 784,906 shares during the last quarter. Credit Industriel ET Commercial bought a new position in shares of Pan American Silver in the fourth quarter worth approximately $8,537,000. Finally, Vanguard Group Inc. increased its position in shares of 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 last quarter. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PAAS has been the topic of several research analyst reports. National Bankshares restated 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 research report on Monday, April 14th. CIBC restated an "outperform" rating on shares of Pan American Silver in a research report on Tuesday. TD Securities decreased their price objective on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.40.

Pan American Silver Price Performance

PAAS traded down $0.32 during midday trading on Friday, hitting $28.07. The stock had a trading volume of 5,414,454 shares, compared to its average volume of 4,010,408. The company has a market cap of $10.16 billion, a P/E ratio of 23.41, a price-to-earnings-growth ratio of 0.44 and a beta of 0.67. The business has a fifty day moving average of $27.16 and a 200 day moving average of $25.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.94 and a current ratio of 2.93. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $31.03.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.23. The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. Pan American Silver's revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 earnings per share. As a group, equities analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is presently 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.