First Trust Advisors LP Raises Position in Pan American Silver Corp. (NYSE:PAAS)

First Trust Advisors LP boosted its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 226.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,407 shares of the basic materials company's stock after buying an additional 39,111 shares during the quarter. First Trust Advisors LP's holdings in Pan American Silver were worth $1,141,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co raised its stake in shares of Pan American Silver by 6.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 410,542 shares of the basic materials company's stock valued at $8,294,000 after buying an additional 24,493 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Pan American Silver by 31.7% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,046,142 shares of the basic materials company's stock valued at $21,137,000 after purchasing an additional 251,522 shares during the last quarter. Marshall Wace LLP increased its holdings in Pan American Silver by 61.9% in the fourth quarter. Marshall Wace LLP now owns 57,891 shares of the basic materials company's stock valued at $1,171,000 after purchasing an additional 22,125 shares during the last quarter. Evergreen Capital Management LLC increased its position 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 valued at $611,000 after buying an additional 715 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in Pan American Silver by 3.0% in the fourth quarter. Gabelli Funds LLC now owns 451,100 shares of the basic materials company's stock valued at $9,121,000 after buying an additional 13,000 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PAAS has been the subject of several analyst reports. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. CIBC lifted their price objective on shares of Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research note on Thursday. Royal Bank of Canada raised their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Finally, TD Securities cut shares of Pan American Silver from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Pan American Silver has a consensus rating of "Hold" and a consensus price target of $29.67.

Pan American Silver Stock Up 6.5 %

Shares of NYSE:PAAS traded up $1.65 during trading on Friday, reaching $27.20. 6,553,968 shares of the stock were exchanged, compared to its average volume of 3,701,581. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $28.60. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 85.00 and a beta of 0.75. The stock has a fifty day moving average of $25.31 and a two-hundred day moving average of $23.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued 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. The business had revenue of $773.20 million for the quarter, compared to analysts' expectations of $696.62 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business's revenue was up 28.6% on a year-over-year basis. During the same period last year, the business earned $0.01 EPS. Research 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 disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 20th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Tuesday, May 20th. Pan American Silver's dividend payout ratio is currently 125.00%.

Pan American Silver Company 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.