National Bank of Canada FI Buys 60,137 Shares of Pan American Silver Corp. (NYSE:PAAS)

National Bank of Canada FI grew its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 7.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 908,559 shares of the basic materials company's stock after purchasing an additional 60,137 shares during the period. National Bank of Canada FI owned approximately 0.25% of Pan American Silver worth $14,462,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Pan American Silver by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,888,593 shares of the basic materials company's stock worth $186,627,000 after buying an additional 183,681 shares during the period. Ingalls & Snyder LLC increased its stake in shares of Pan American Silver by 14.1% during the fourth quarter. Ingalls & Snyder LLC now owns 1,609,577 shares of the basic materials company's stock valued at $26,284,000 after buying an additional 199,479 shares during the period. SG Americas Securities LLC bought a new stake in shares of Pan American Silver in the 4th quarter valued at about $751,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Pan American Silver by 98.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 184,662 shares of the basic materials company's stock valued at $2,674,000 after purchasing an additional 91,488 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Pan American Silver by 58.5% during the third quarter. Deutsche Bank AG now owns 620,946 shares of the basic materials company's stock valued at $8,991,000 after buying an additional 229,223 shares during the period. 55.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PAAS has been the topic of several analyst reports. Scotiabank lifted their target price on Pan American Silver from $19.50 to $20.00 and gave the company a "sector outperform" rating in a research note on Monday, April 8th. Jefferies Financial Group increased their price target on shares of Pan American Silver from $14.00 to $17.00 and gave the company a "hold" rating in a research report on Monday, April 22nd. StockNews.com raised shares of Pan American Silver from a "sell" rating to a "hold" rating in a research report on Wednesday, May 1st. TD Securities decreased their price target on shares of Pan American Silver from $18.50 to $17.50 and set a "buy" rating for the company in a research report on Friday, February 23rd. Finally, BMO Capital Markets decreased their price target on shares of Pan American Silver from $27.00 to $22.00 and set an "outperform" rating for the company in a research report on Thursday, January 18th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Pan American Silver has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

Pan American Silver Stock Performance

Shares of Pan American Silver stock traded up $1.99 during midday trading on Thursday, hitting $20.62. The company had a trading volume of 10,793,492 shares, compared to its average volume of 4,382,883. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of -67.13, a PEG ratio of 2.49 and a beta of 1.36. The company has a quick ratio of 1.09, a current ratio of 2.23 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $16.43 and a 200 day simple moving average of $15.20. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $20.90.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.07. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The company had revenue of $601.40 million for the quarter, compared to the consensus estimate of $592.58 million. During the same quarter in the prior year, the company earned $0.10 EPS. Pan American Silver's quarterly revenue was up 54.1% on a year-over-year basis. As a group, analysts predict that Pan American Silver Corp. will post 0.38 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a $0.10 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.40 annualized dividend and a yield of 1.94%. Pan American Silver's dividend payout ratio (DPR) is presently -133.33%.

About Pan American Silver

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.