Point72 Hong Kong Ltd increased its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 678.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,305 shares of the basic materials company's stock after acquiring an additional 47,326 shares during the quarter. Point72 Hong Kong Ltd's holdings in Pan American Silver were worth $1,098,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Comprehensive Financial Planning Inc. PA purchased a new position in Pan American Silver during the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC bought a new position in Pan American Silver in the 4th quarter worth $30,000. Decker Retirement Planning Inc. acquired a new position in shares of Pan American Silver during the 4th quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Pan American Silver during the fourth quarter worth approximately $32,000. Finally, Farther Finance Advisors LLC boosted its holdings in Pan American Silver by 164.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 1,209 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.
Pan American Silver Trading Up 2.0%
NYSE PAAS traded up $0.46 during trading hours on Monday, hitting $23.20. The company's stock had a trading volume of 4,024,133 shares, compared to its average volume of 3,801,943. Pan American Silver Corp. has a twelve month low of $17.86 and a twelve month high of $28.60. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $8.40 billion, a P/E ratio of 72.50 and a beta of 0.75. The stock has a fifty day moving average of $25.16 and a 200 day moving average of $23.50.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data 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 net margin of 3.98% and a return on equity of 6.14%. The business had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. During the same quarter last year, the firm earned $0.01 EPS. Pan American Silver's quarterly revenue was up 28.6% compared to the same quarter last year. Equities research analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.
Pan American Silver Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Tuesday, May 20th. Pan American Silver's dividend payout ratio is currently 45.98%.
Wall Street Analyst Weigh In
PAAS has been the subject of a number of research analyst reports. StockNews.com raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday. CIBC upped their target price on shares of Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a report on Thursday, May 8th. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Royal Bank of Canada upped their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Finally, BMO Capital Markets initiated coverage on Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating for the company. 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 company's stock. According to MarketBeat, Pan American Silver currently has a consensus rating of "Moderate Buy" and an average target price of $29.50.
Check Out Our Latest Analysis on Pan American Silver
Pan American Silver Company Profile
(
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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