Parvin Asset Management LLC Buys New Stake in Pan American Silver Corp. (NYSE:PAAS)

Parvin Asset Management LLC bought a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 34,890 shares of the basic materials company's stock, valued at approximately $705,000.

Several other institutional investors have also made changes to their positions in the stock. Comprehensive Financial Planning Inc. PA purchased a new stake in Pan American Silver in the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Pan American Silver during the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver during the third quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Pan American Silver in the fourth quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. acquired a new position in Pan American Silver in the 4th quarter worth about $32,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

Shares of NYSE:PAAS traded up $0.26 during midday trading on Monday, hitting $23.80. The company's stock had a trading volume of 1,388,295 shares, compared to its average volume of 3,700,445. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $28.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 74.36 and a beta of 0.75. The stock's 50 day simple moving average is $25.19 and its 200 day simple moving average is $23.55.

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

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.68%. Pan American Silver's dividend payout ratio is 125.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PAAS shares. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. BMO Capital Markets began coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating on the stock. Royal Bank of Canada lifted their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. TD Securities downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating and lowered their target price for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.