Olympiad Research LP Invests $290,000 in Pan American Silver Corp. (NYSE:PAAS)

Olympiad Research LP acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 14,359 shares of the basic materials company’s stock, valued at approximately $290,000.

Other hedge funds also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA bought a new position in shares of Pan American Silver during the fourth quarter worth about $27,000. Eastern Bank bought a new position in shares of Pan American Silver during the third quarter worth about $28,000. Laurel Wealth Advisors LLC bought a new position in shares of Pan American Silver during the fourth quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Pan American Silver during the third quarter worth about $32,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of Pan American Silver during the fourth quarter worth about $32,000. 55.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Royal Bank of Canada raised their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Pan American Silver presently has an average rating of “Moderate Buy” and a consensus price target of $25.92.

Pan American Silver Stock Down 4.2 %

Shares of NYSE:PAAS opened at $24.43 on Friday. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 76.33 and a beta of 1.28. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 12-month low of $12.19 and a 12-month high of $26.05. The business’s 50 day moving average is $22.35 and its 200 day moving average is $21.95.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $815.10 million for the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. On average, sell-side analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.64%. Pan American Silver’s dividend payout ratio (DPR) is currently 125.00%.

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.