Pan American Silver Corp. (NYSE:PAAS) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP grew its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 61.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,891 shares of the basic materials company's stock after purchasing an additional 22,125 shares during the quarter. Marshall Wace LLP's holdings in Pan American Silver were worth $1,171,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Pan American Silver in the fourth quarter valued at approximately $43,000. Barclays PLC raised its holdings in shares of Pan American Silver by 156.4% in 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. Triasima Portfolio Management inc. purchased a new position in shares of Pan American Silver during the 4th quarter worth about $2,911,000. Ingalls & Snyder LLC raised its holdings in 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 during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Pan American Silver by 11.0% during the 4th 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 during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Trading Down 2.1 %

Shares of Pan American Silver stock traded down $0.50 on Friday, reaching $23.53. 4,633,092 shares of the company's stock were exchanged, compared to its average volume of 3,710,116. Pan American Silver Corp. has a 52 week low of $17.86 and a 52 week high of $28.60. The company has a market capitalization of $8.52 billion, a P/E ratio of 73.53 and a beta of 0.75. The firm's 50-day moving average is $25.19 and its two-hundred day moving average is $23.53. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50.

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

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.70%. Pan American Silver's payout ratio is 125.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PAAS. Royal Bank of Canada raised their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. TD Securities downgraded Pan American Silver from a "buy" rating to a "hold" rating and cut their price objective for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. StockNews.com downgraded Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Finally, Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $28.50.

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.