Lbp Am Sa Increases Position in Pan American Silver Corp. (NYSE:PAAS)

Lbp Am Sa boosted its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 9.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 91,218 shares of the basic materials company’s stock after buying an additional 7,746 shares during the period. Lbp Am Sa’s holdings in Pan American Silver were worth $1,844,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE increased its holdings in Pan American Silver by 9.6% in the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company’s stock valued at $124,000 after buying an additional 539 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Pan American Silver by 23.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 549 shares during the period. Principal Securities Inc. boosted its stake in Pan American Silver by 12.5% in the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company’s stock valued at $121,000 after acquiring an additional 664 shares during the period. Advisors Asset Management Inc. boosted its stake in Pan American Silver by 3.7% in the third quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock valued at $558,000 after acquiring an additional 951 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Pan American Silver by 164.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company’s stock worth $39,000 after buying an additional 1,209 shares during the period. 55.43% of the stock is owned by institutional investors.

Pan American Silver Price Performance

NYSE PAAS opened at $25.77 on Friday. The stock has a market capitalization of $9.33 billion, a P/E ratio of 80.52 and a beta of 1.25. Pan American Silver Corp. has a 1 year low of $13.52 and a 1 year high of $26.13. The business’s fifty day moving average is $23.46 and its two-hundred day moving average is $22.38. 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) (TSE:PAAS) last posted its quarterly 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, research 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 company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is currently 125.00%.

Wall Street Analyst Weigh In

PAAS has been the subject of several analyst reports. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Scotiabank boosted their target price on Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Tuesday, February 25th. TD Securities cut Pan American Silver from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, Royal Bank of Canada boosted their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.92.

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.