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

Triasima Portfolio Management inc. increased its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 13.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 163,510 shares of the basic materials company's stock after purchasing an additional 19,535 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Pan American Silver were worth $4,223,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of PAAS. Norges Bank bought a new stake in Pan American Silver in the 4th quarter valued at $91,916,000. Hsbc Holdings PLC lifted its holdings in shares of Pan American Silver by 661.2% during the fourth quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company's stock worth $26,300,000 after buying an additional 1,135,839 shares in the last quarter. Renaissance Technologies LLC lifted its holdings 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 buying an additional 784,906 shares in the last quarter. Man Group plc lifted its holdings in shares of Pan American Silver by 381.7% during the fourth quarter. Man Group plc now owns 947,560 shares of the basic materials company's stock worth $19,160,000 after buying an additional 750,858 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Pan American Silver by 2,009.4% during the fourth quarter. Two Sigma Investments LP now owns 651,584 shares of the basic materials company's stock worth $13,175,000 after buying an additional 620,694 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Trading Down 1.3%

PAAS traded down $0.36 on Friday, hitting $28.04. 2,167,907 shares of the company were exchanged, compared to its average volume of 3,997,036. The firm has a fifty day simple moving average of $27.14 and a two-hundred day simple moving average of $25.19. 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 12 month low of $17.86 and a 12 month high of $31.03. The stock has a market capitalization of $10.15 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 0.45 and a beta of 0.67.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data 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 9.25% and a net margin of 10.45%. The business had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. During the same quarter last year, the business posted $0.01 EPS. The business's revenue was up 28.6% on a year-over-year basis. Sell-side analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.43%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is currently 45.98%.

Analysts Set New Price Targets

A number of analysts have recently commented on PAAS shares. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. TD Securities lowered their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, May 22nd. Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Finally, BMO Capital Markets started coverage on Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating for the company. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $31.40.

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.