Man Group plc Acquires 750,858 Shares of Pan American Silver Corp. (NYSE:PAAS)

Man Group plc increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 381.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 947,560 shares of the basic materials company's stock after buying an additional 750,858 shares during the quarter. Man Group plc owned about 0.26% of Pan American Silver worth $19,160,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Pan American Silver during the fourth quarter valued at $43,000. Triasima Portfolio Management inc. purchased a new stake in Pan American Silver in the 4th quarter worth about $2,911,000. Ingalls & Snyder LLC lifted its stake in Pan American Silver by 5.4% in the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock worth $34,920,000 after acquiring an additional 89,011 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Pan American Silver by 11.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 488,119 shares of the basic materials company's stock worth $9,869,000 after acquiring an additional 48,419 shares in the last quarter. Finally, True North Advisors LLC purchased a new stake in Pan American Silver in the 4th quarter worth about $323,000. 55.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. CIBC lifted their target price on Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a report on Thursday, May 8th. Royal Bank of Canada lifted their target price on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. BMO Capital Markets assumed coverage on Pan American Silver in a research report on Wednesday, April 16th. They issued a "market perform" rating on the stock. Finally, TD Securities cut their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research note on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.50.

Pan American Silver Trading Up 2.7%

NYSE PAAS traded up $0.63 on Tuesday, reaching $23.81. The company had a trading volume of 5,427,681 shares, compared to its average volume of 3,791,417. 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 business has a 50 day moving average of $25.12 and a two-hundred day moving average of $23.50. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $28.60. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 74.41 and a beta of 0.75.

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 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.23. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The business had revenue of $773.20 million for the quarter, compared to analysts' expectations of $696.62 million. During the same quarter last year, the firm earned $0.01 EPS. The firm's revenue for the quarter was up 28.6% compared to the same quarter last year. Analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders 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 dividend yield of 1.68%. Pan American Silver's dividend payout ratio (DPR) 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.