Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group bought a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 215,000 shares of the basic materials company's stock, valued at approximately $5,553,000. Pan American Silver makes up about 3.0% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's portfolio, making the stock its 10th biggest position. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group owned 0.06% of Pan American Silver as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PAAS. Graybill Wealth Management LTD. acquired a new position in Pan American Silver during the 1st quarter worth $33,000. Farther Finance Advisors LLC boosted its position in Pan American Silver by 164.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock worth $39,000 after acquiring an additional 1,209 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in Pan American Silver by 507.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock worth $116,000 after acquiring an additional 3,759 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Pan American Silver during the 4th quarter worth $118,000. Finally, Rossby Financial LCC acquired a new position in Pan American Silver during the 1st quarter worth $151,000. Institutional investors and hedge funds own 55.43% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on PAAS. TD Securities dropped their price objective 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. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. CIBC reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Tuesday. BMO Capital Markets began coverage on Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating on the stock. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $31.40.
Check Out Our Latest Stock Analysis on Pan American Silver
Pan American Silver Trading Down 1.1%
Pan American Silver stock traded down $0.32 during mid-day trading on Friday, hitting $28.07. The stock had a trading volume of 5,414,454 shares, compared to its average volume of 4,010,408. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $31.03. The company has a current ratio of 2.93, a quick ratio of 1.94 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $10.16 billion, a PE ratio of 32.26, a P/E/G ratio of 0.44 and a beta of 0.67. The stock has a 50-day simple moving average of $27.16 and a two-hundred day simple moving average of $25.28.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.23. The firm had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The company's revenue for the quarter was up 28.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 earnings per share. As a group, sell-side analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.
Pan American Silver Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's dividend payout ratio is currently 45.98%.
Pan American Silver Company Profile
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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.
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