90,509 Shares in Pan American Silver Corp. (NYSE:PAAS) Acquired by PFG Investments LLC

PFG Investments LLC acquired a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 90,509 shares of the basic materials company's stock, valued at approximately $1,365,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Optiver Holding B.V. lifted its position in Pan American Silver by 90.8% in the 3rd quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company's stock worth $25,000 after buying an additional 812 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in Pan American Silver by 0.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 142,845 shares of the basic materials company's stock worth $2,107,000 after buying an additional 857 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in Pan American Silver by 0.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 174,400 shares of the basic materials company's stock worth $2,861,000 after buying an additional 900 shares in the last quarter. Stifel Financial Corp lifted its position in Pan American Silver by 0.7% in the 3rd quarter. Stifel Financial Corp now owns 146,442 shares of the basic materials company's stock worth $2,120,000 after buying an additional 1,064 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Pan American Silver by 0.5% in the 4th quarter. Franklin Resources Inc. now owns 238,839 shares of the basic materials company's stock worth $3,899,000 after buying an additional 1,169 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PAAS shares. CIBC cut their price target on shares of Pan American Silver from $28.00 to $27.50 and set an "outperform" rating on the stock in a report on Wednesday, February 7th. Scotiabank raised their price target on shares of Pan American Silver from $19.50 to $20.00 and gave the company a "sector outperform" rating in a report on Monday, April 8th. BMO Capital Markets cut their price target on shares of Pan American Silver from $27.00 to $22.00 and set an "outperform" rating on the stock in a report on Thursday, January 18th. TD Securities cut their price target on shares of Pan American Silver from $18.50 to $17.50 and set a "buy" rating on the stock in a report on Friday, February 23rd. Finally, Jefferies Financial Group raised their price target on shares of Pan American Silver from $14.00 to $17.00 and gave the company a "hold" rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $21.00.

Pan American Silver Price Performance

Shares of Pan American Silver stock traded up $0.05 during trading on Friday, hitting $19.02. 2,535,871 shares of the company's stock traded hands, compared to its average volume of 6,713,105. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09. The firm's fifty day moving average price is $15.48 and its 200 day moving average price is $14.99. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $20.60. The company has a market cap of $6.91 billion, a PE ratio of -63.40, a PEG ratio of 3.13 and a beta of 1.44.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.12). The firm had revenue of $669.60 million during the quarter, compared to analyst estimates of $657.65 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. During the same quarter last year, the firm earned ($0.02) earnings per share. Analysts forecast that Pan American Silver Corp. will post 0.31 earnings per share for the current year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.10%. Pan American Silver's dividend payout ratio (DPR) is presently -133.33%.

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.

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