Boston Partners Purchases Shares of 27,760 Pan American Silver Corp. (NYSE:PAAS)

Boston Partners purchased a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 27,760 shares of the basic materials company’s stock, valued at approximately $561,000.

Several other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in Pan American Silver by 6.0% in the 4th quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company’s stock valued at $160,000 after acquiring an additional 451 shares in the last quarter. US Bancorp DE grew its stake in shares of Pan American Silver by 9.6% in the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company’s stock valued at $124,000 after purchasing an additional 539 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Pan American Silver by 23.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 549 shares during the period. Principal Securities Inc. grew its stake in shares of Pan American Silver by 12.5% in the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 664 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Pan American Silver by 3.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock valued at $558,000 after purchasing an additional 951 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Down 2.5 %

NYSE PAAS opened at $25.73 on Friday. The firm has a market cap of $9.32 billion, a PE ratio of 80.42 and a beta of 1.25. Pan American Silver Corp. has a one year low of $13.91 and a one year high of $27.47. The stock’s 50 day simple moving average is $23.97 and its 200 day simple moving average is $22.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. As a group, sell-side 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.55%. The ex-dividend date was Monday, March 3rd. Pan American Silver’s dividend payout ratio is 125.00%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PAAS. Royal Bank of Canada upped their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Scotiabank upped their price objective on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Tuesday, February 25th. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Finally, TD Securities lowered Pan American Silver from a “buy” rating to a “hold” rating and decreased their price target for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.92.

Pan American Silver Company 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.