Gotham Asset Management LLC Has $1.35 Million Position in Pan American Silver Corp. (NYSE:PAAS)

Gotham Asset Management LLC decreased its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 71.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,627 shares of the basic materials company's stock after selling 170,593 shares during the period. Gotham Asset Management LLC's holdings in Pan American Silver were worth $1,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PAAS. Graham Capital Management L.P. acquired a new position in Pan American Silver in the 4th quarter worth $1,199,000. BNP Paribas Financial Markets lifted its holdings in shares of Pan American Silver by 17.0% in the fourth quarter. BNP Paribas Financial Markets now owns 55,488 shares of the basic materials company's stock valued at $1,122,000 after purchasing an additional 8,081 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Pan American Silver by 18.3% during the fourth quarter. Ameriprise Financial Inc. now owns 3,146,182 shares of the basic materials company's stock worth $63,658,000 after buying an additional 486,622 shares during the period. Parvin Asset Management LLC bought a new position in shares of Pan American Silver during the fourth quarter worth about $705,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Pan American Silver during the fourth quarter worth about $222,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PAAS shares. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Royal Bank of Canada boosted their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. TD Securities lowered their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research note on Tuesday, May 13th. Finally, CIBC boosted their price target on shares of Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.60.

Pan American Silver Stock Down 1.4%

Shares of NYSE:PAAS traded down $0.34 during midday trading on Thursday, hitting $23.76. The stock had a trading volume of 1,504,484 shares, compared to its average volume of 4,103,603. The company has a market cap of $8.61 billion, a P/E ratio of 74.27 and a beta of 0.75. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $28.60. The business's 50-day simple moving average is $25.05 and its 200-day simple moving average is $23.50. 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 announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. The firm had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The company's revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 earnings per share. On average, sell-side analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 20th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Tuesday, May 20th. Pan American Silver's payout ratio is currently 45.98%.

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.