USS Investment Management Ltd bought a new stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Pan American Silver during the fourth quarter valued at $91,916,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Pan American Silver during the fourth quarter valued at $24,083,000. Hsbc Holdings PLC boosted its position 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 valued at $26,300,000 after buying an additional 1,135,839 shares during the last quarter. Renaissance Technologies LLC boosted its position 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 valued at $30,295,000 after buying an additional 784,906 shares during the last quarter. Finally, Man Group plc boosted its position 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 valued at $19,160,000 after buying an additional 750,858 shares during the last quarter. Institutional investors own 55.43% of the company's stock.
Pan American Silver Stock Performance
Shares of NYSE:PAAS traded up $0.02 during trading on Thursday, hitting $24.41. 1,277,081 shares of the company traded hands, compared to its average volume of 3,757,757. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 76.24 and a beta of 0.75. The business's fifty day moving average is $24.82 and its 200-day moving average is $23.55. Pan American Silver Corp. has a one year low of $17.86 and a one year high of $28.60. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.
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 (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. The company 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 6.14% and a net margin of 3.98%. The company's revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 earnings per share. As a group, equities analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.
Pan American Silver Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Royal Bank of Canada raised their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. BMO Capital Markets began coverage on Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating on the stock. CIBC upped their target price 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. Finally, Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Four equities 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $30.60.
Check Out Our Latest Stock Report on PAAS
About Pan American Silver
(
Free Report)
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.
Featured Articles
Before you consider Pan American Silver, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pan American Silver wasn't on the list.
While Pan American Silver currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
