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

Two Sigma Advisers LP boosted its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 300.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 0.08% of Pan American Silver worth $5,602,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Pan American Silver in the 4th quarter valued at about $91,916,000. Jupiter Asset Management Ltd. acquired a new position in Pan American Silver during the fourth quarter worth approximately $24,083,000. Hsbc Holdings PLC increased its position in 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 during the last quarter. Renaissance Technologies LLC raised its stake in 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 valued at $30,295,000 after buying an additional 784,906 shares during the period. Finally, Man Group plc lifted its position in shares of Pan American Silver by 381.7% in the fourth quarter. Man Group plc now owns 947,560 shares of the basic materials company's stock valued at $19,160,000 after buying an additional 750,858 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Stock Performance

Shares of PAAS stock traded up $0.26 on Wednesday, hitting $24.36. The company's stock had a trading volume of 3,678,004 shares, compared to its average volume of 3,776,030. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $28.60. The company has a market capitalization of $8.82 billion, a PE ratio of 76.13 and a beta of 0.75. The stock's 50 day moving average is $24.85 and its 200-day moving average is $23.55. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $773.20 million during the quarter, compared to the consensus estimate of $696.62 million. During the same quarter in the previous year, the firm posted $0.01 EPS. The business's revenue for the quarter was up 28.6% compared to the same quarter last year. Equities research analysts expect 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 declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 20th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is currently 45.98%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PAAS. Royal Bank of Canada boosted their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. 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 report on Thursday, May 22nd. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Finally, BMO Capital Markets assumed coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating on the stock. Four research 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $30.60.

Pan American Silver Company 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.