USS Investment Management Ltd Buys New Stake in Pan American Silver Corp. (NYSE:PAAS)

USS Investment Management Ltd purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 117,167 shares of the basic materials company's stock, valued at approximately $2,382,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Signaturefd LLC lifted its holdings 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 worth $160,000 after acquiring an additional 451 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Pan American Silver by 9.6% in the 4th 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 holdings in shares of Pan American Silver by 23.4% in the 4th 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. lifted its holdings in shares of Pan American Silver by 12.5% in 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 during the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings 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 worth $611,000 after acquiring an additional 715 shares during the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Stock Down 0.1%

Shares of NYSE:PAAS traded down $0.03 during trading hours on Tuesday, reaching $24.11. The stock had a trading volume of 5,191,550 shares, compared to its average volume of 3,776,386. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $28.60. The firm's 50 day moving average is $24.89 and its 200-day moving average is $23.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 75.35 and a beta of 0.75.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 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 company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $696.62 million. During the same period in the prior year, the firm posted $0.01 EPS. The company's quarterly revenue was up 28.6% compared to the same quarter last year. Research analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Tuesday, May 20th. Pan American Silver's dividend payout ratio is presently 45.98%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. TD Securities cut their target price on shares of 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. BMO Capital Markets began coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating on the stock. Royal Bank of Canada upped their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.60.

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.