Veracity Capital LLC Buys Shares of 9,999 Pan American Silver Corp. (NYSE:PAAS)

Veracity Capital LLC bought a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,999 shares of the basic materials company's stock, valued at approximately $258,000.

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 fourth quarter worth $91,916,000. Jupiter Asset Management Ltd. bought a new stake in Pan American Silver during the 4th quarter worth about $24,083,000. Hsbc Holdings PLC boosted its stake in shares of Pan American Silver by 661.2% during the 4th 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 grew its holdings in shares of Pan American Silver by 110.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,498,246 shares of the basic materials company's stock valued at $30,295,000 after acquiring an additional 784,906 shares in the last quarter. Finally, Man Group plc increased 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 acquiring an additional 750,858 shares during the last quarter. Institutional investors own 55.43% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on PAAS shares. CIBC raised their price target on Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research note on Thursday, May 8th. BMO Capital Markets initiated coverage on Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating for the company. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. Royal Bank of Canada boosted their price target on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Finally, National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $30.60.

Pan American Silver Price Performance

Shares of PAAS traded up $1.99 during trading hours on Thursday, hitting $28.58. 15,620,199 shares of the company were exchanged, compared to its average volume of 3,844,739. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $28.87. The firm's fifty day moving average is $24.77 and its 200 day moving average is $23.68. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 89.31 and a beta of 0.75.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $773.20 million for the quarter, compared to the consensus estimate of $696.62 million. During the same quarter last year, the business posted $0.01 EPS. The company's revenue was up 28.6% compared to the same quarter last year. On average, equities analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's payout ratio is 45.98%.

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.