Two Sigma Advisers LP Has $5.60 Million Stake in Pan American Silver Corp. (NYSE:PAAS)

Two Sigma Advisers LP grew its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 300.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 277,043 shares of the basic materials company's stock after acquiring an additional 207,933 shares during the quarter. Two Sigma Advisers LP owned about 0.08% of Pan American Silver worth $5,602,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Signaturefd LLC raised its stake in shares of Pan American Silver by 6.0% during the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock valued at $160,000 after purchasing an additional 451 shares in the last quarter. US Bancorp DE raised its stake in shares of Pan American Silver by 9.6% during the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock valued at $124,000 after purchasing an additional 539 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Pan American Silver by 23.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 549 shares in the last quarter. Principal Securities Inc. grew its holdings in Pan American Silver by 12.5% during the fourth 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 during the period. Finally, Evergreen Capital Management LLC grew its holdings in Pan American Silver by 2.4% during the fourth quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock worth $611,000 after acquiring an additional 715 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Stock Down 0.4%

NYSE:PAAS traded down $0.09 on Friday, hitting $24.11. 951,986 shares of the company's stock traded hands, compared to its average volume of 3,755,900. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $28.60. The firm has a 50-day moving average price of $24.78 and a 200-day moving average price of $23.57. The company has a market cap of $8.73 billion, a PE ratio of 75.39 and a beta of 0.75.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, beating 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 company had revenue of $773.20 million for the quarter, compared to analysts' expectations of $696.62 million. During the same quarter in the previous year, the business posted $0.01 EPS. The business's revenue for the quarter was up 28.6% on a year-over-year basis. Equities analysts anticipate that Pan American Silver Corp. will post 1.26 EPS 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 paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 annualized dividend and a yield of 1.66%. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PAAS. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. TD Securities dropped their price target on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, May 22nd. CIBC lifted their price target 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. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Finally, 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 research note on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Pan American Silver presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.60.

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.