Point72 Asia Singapore Pte. Ltd. Invests $420,000 in Pan American Silver Corp. (NYSE:PAAS)

Point72 Asia Singapore Pte. Ltd. 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 Form 13F filing with the SEC. The firm bought 20,765 shares of the basic materials company's stock, valued at approximately $420,000.

Other institutional investors have also recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA bought a new position in shares of Pan American Silver in the 4th quarter valued at about $27,000. Laurel Wealth Advisors LLC bought a new position in Pan American Silver in the fourth quarter valued at approximately $30,000. Decker Retirement Planning Inc. acquired a new position in shares of Pan American Silver during the 4th quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Pan American Silver during the 4th quarter worth approximately $32,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Pan American Silver by 164.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock worth $39,000 after purchasing an additional 1,209 shares in the last quarter. Institutional investors own 55.43% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday. 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 report on Tuesday, February 11th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Finally, TD Securities lowered their price target on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Tuesday. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.50.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $22.83 on Friday. Pan American Silver Corp. has a 52 week low of $17.86 and a 52 week high of $28.60. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 71.35 and a beta of 0.75. The company has a 50-day simple moving average of $25.19 and a 200 day simple moving average of $23.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The business's revenue was up 28.6% on a year-over-year basis. On average, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Tuesday, May 20th. Pan American Silver's dividend payout ratio is 45.98%.

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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