Nebula Research & Development LLC Purchases 14,199 Shares of Pan American Silver Corp. (NYSE:PAAS)

Nebula Research & Development LLC grew its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 40.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,400 shares of the basic materials company's stock after acquiring an additional 14,199 shares during the period. Nebula Research & Development LLC's holdings in Pan American Silver were worth $999,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its position in Pan American Silver by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company's stock worth $283,385,000 after buying an additional 221,561 shares during the last quarter. FIL Ltd increased its holdings in shares of Pan American Silver by 4.6% during the 4th quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company's stock valued at $270,848,000 after acquiring an additional 584,017 shares during the last quarter. Norges Bank bought a new position in shares of Pan American Silver in the 4th quarter valued at approximately $91,916,000. Geode Capital Management LLC lifted its holdings in Pan American Silver by 32.2% in the 4th quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company's stock worth $40,776,000 after purchasing an additional 494,133 shares during the last quarter. Finally, 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 purchasing an additional 89,011 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Price Performance

PAAS traded down $0.66 during trading on Friday, hitting $23.38. The company's stock had a trading volume of 2,512,852 shares, compared to its average volume of 3,706,105. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $28.60. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 72.89 and a beta of 1.06. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm's 50 day moving average price is $25.20 and its two-hundred day moving average price is $23.52.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The company had revenue of $815.10 million during the quarter, compared to analysts' expectations of $805.20 million. Sell-side analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share 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. Investors 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 annualized dividend and a yield of 1.71%. Pan American Silver's dividend payout ratio is currently 125.00%.

Analysts Set New Price Targets

PAAS has been the topic of several research analyst reports. Royal Bank of Canada raised their price target 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. TD Securities lowered Pan American Silver from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. BMO Capital Markets assumed coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating on the stock. Finally, Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Pan American Silver currently has a consensus rating of "Hold" and an average price target of $28.50.

Pan American Silver 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.