Hsbc Holdings PLC Increases Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Hsbc Holdings PLC lifted its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 661.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,307,617 shares of the basic materials company's stock after buying an additional 1,135,839 shares during the quarter. Hsbc Holdings PLC owned approximately 0.36% of Pan American Silver worth $26,300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA bought a new position in shares of Pan American Silver during the 4th quarter valued at approximately $27,000. Laurel Wealth Advisors LLC bought a new position in Pan American Silver during the fourth quarter valued at $30,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Pan American Silver in the 3rd quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Pan American Silver in the 4th quarter worth about $32,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Pan American Silver during the 4th quarter valued at about $32,000. Institutional investors own 55.43% of the company's stock.

Wall Street Analysts Forecast Growth

PAAS has been the subject of several recent research reports. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. TD Securities lowered Pan American Silver from a "buy" rating to a "hold" rating and decreased their price target for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. Royal Bank of Canada lifted 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 note on Tuesday, February 11th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Finally, StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $28.50.

Pan American Silver Trading Down 2.1 %

Shares of NYSE:PAAS traded down $0.50 during trading on Friday, reaching $23.54. 2,145,599 shares of the company were exchanged, compared to its average volume of 3,704,303. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The firm has a market capitalization of $8.52 billion, a PE ratio of 73.56 and a beta of 1.06. The business's fifty day simple moving average is $25.20 and its 200-day simple moving average is $23.52. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $28.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting analysts' consensus estimates of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. On average, research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.70%. 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.