Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 20,765 shares of the basic materials company's stock, valued at approximately $420,000.
A number of other large investors have also recently made changes to their positions in PAAS. Laurel Wealth Advisors LLC purchased a new stake in shares of Pan American Silver in the fourth quarter valued at approximately $30,000. Builder Investment Group Inc. ADV lifted its holdings in shares of Pan American Silver by 0.7% in the 4th quarter. Builder Investment Group Inc. ADV now owns 259,074 shares of the basic materials company's stock worth $5,238,000 after buying an additional 1,700 shares during the period. Decker Retirement Planning Inc. bought a new position in shares of Pan American Silver during the 4th quarter worth $32,000. Janney Montgomery Scott LLC increased its stake in shares of Pan American Silver by 23.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 46,824 shares of the basic materials company's stock valued at $947,000 after buying an additional 8,862 shares during the period. Finally, True North Advisors LLC bought a new stake in shares of Pan American Silver in the fourth quarter valued at about $323,000. 55.43% of the stock is owned by hedge funds and other institutional investors.
Pan American Silver Stock Up 1.1%
Shares of PAAS traded up $0.26 during midday trading on Wednesday, hitting $24.06. 2,515,438 shares of the company's stock traded hands, compared to its average volume of 3,786,983. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $28.60. The firm's fifty day moving average is $25.08 and its 200-day moving average is $23.50. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 75.21 and a beta of 0.75.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.23. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business had revenue of $773.20 million during the quarter, compared to the consensus estimate of $696.62 million. During the same quarter last year, the company earned $0.01 earnings per share. The company's quarterly revenue was up 28.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.
Pan American Silver Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 20th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on PAAS shares. StockNews.com upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. CIBC increased their price objective on shares of Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research note on Thursday, May 8th. BMO Capital Markets initiated coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating for the company. Royal Bank of Canada increased their target price 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. Finally, Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $29.50.
Read Our Latest Research Report on PAAS
About Pan American Silver
(
Free Report)
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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