Graham Capital Management L.P. Invests $1.20 Million in Pan American Silver Corp. (NYSE:PAAS)

Graham Capital Management L.P. bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 59,283 shares of the basic materials company's stock, valued at approximately $1,199,000.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Pan American Silver in the 4th quarter valued at about $43,000. Barclays PLC lifted its position in Pan American Silver by 156.4% during the third quarter. Barclays PLC now owns 61,439 shares of the basic materials company's stock worth $1,282,000 after acquiring an additional 37,480 shares during the last quarter. Ingalls & Snyder LLC raised its position in shares of Pan American Silver by 5.4% in the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock valued at $34,920,000 after buying an additional 89,011 shares in the last quarter. Triasima Portfolio Management inc. acquired a new stake in shares of Pan American Silver in the fourth quarter valued at approximately $2,911,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Pan American Silver by 11.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 488,119 shares of the basic materials company's stock valued at $9,869,000 after buying an additional 48,419 shares in the last quarter. Institutional investors own 55.43% of the company's stock.

Pan American Silver Trading Down 0.6%

Shares of Pan American Silver stock traded down $0.14 during trading on Friday, hitting $22.71. The company's stock had a trading volume of 7,480,971 shares, compared to its average volume of 3,801,045. 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 Corp. has a 52 week low of $17.86 and a 52 week high of $28.60. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 70.98 and a beta of 0.75. The stock has a 50-day moving average price of $25.16 and a two-hundred day moving average price of $23.50.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued 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 business had revenue of $773.20 million for 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 business's quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 earnings per share. Equities research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.76%. Pan American Silver's dividend payout ratio (DPR) is currently 45.98%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BMO Capital Markets began coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating for the company. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. StockNews.com upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday. TD Securities lowered their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a report on Tuesday, May 13th. Finally, National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $29.50.

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.