First Trust Advisors LP Acquires 39,111 Shares of Pan American Silver Corp. (NYSE:PAAS)

First Trust Advisors LP increased its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 226.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,407 shares of the basic materials company's stock after purchasing an additional 39,111 shares during the period. First Trust Advisors LP's holdings in Pan American Silver were worth $1,141,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA bought a new position in Pan American Silver during the 4th quarter valued at $27,000. Laurel Wealth Advisors LLC bought a new position in Pan American Silver during the 4th quarter valued at $30,000. Decker Retirement Planning Inc. bought a new position in Pan American Silver during the 4th quarter valued at $32,000. Wilmington Savings Fund Society FSB bought a new position in Pan American Silver during the 3rd quarter valued at $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Pan American Silver during the 4th quarter valued at $32,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Trading Up 1.3%

PAAS stock traded up $0.29 during midday trading on Tuesday, hitting $23.11. The company had a trading volume of 5,313,253 shares, compared to its average volume of 3,920,477. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 52 week low of $17.86 and a 52 week high of $28.60. The stock's 50 day moving average price is $25.27 and its 200 day moving average price is $23.54. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 72.22 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 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $696.62 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The business's revenue was up 28.6% on a year-over-year basis. As a group, equities research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business 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. The ex-dividend date is Tuesday, May 20th. This represents a $0.40 annualized dividend and a yield of 1.73%. Pan American Silver's payout ratio is currently 45.98%.

Analysts Set New Price Targets

PAAS has been the topic of a number of recent analyst reports. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. BMO Capital Markets initiated coverage on Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating for the company. TD Securities lowered Pan American Silver from a "buy" rating to a "hold" rating and reduced their target price for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Pan American Silver has a consensus rating of "Hold" and a consensus target price of $29.67.

About Pan American Silver

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.