Pan American Silver Corp. (NYSE:PAAS) Holdings Raised by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,065,572 shares of the basic materials company’s stock after acquiring an additional 176,979 shares during the period. Vanguard Group Inc. owned 3.58% of Pan American Silver worth $213,361,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Stifel Financial Corp increased its position in Pan American Silver by 0.7% in the 3rd quarter. Stifel Financial Corp now owns 146,442 shares of the basic materials company’s stock worth $2,120,000 after purchasing an additional 1,064 shares during the last quarter. Trexquant Investment LP acquired a new position in Pan American Silver in the third quarter worth approximately $409,000. AXQ Capital LP bought a new position in Pan American Silver during the third quarter valued at approximately $390,000. Ameriprise Financial Inc. lifted its stake in Pan American Silver by 1.0% in the third quarter. Ameriprise Financial Inc. now owns 3,080,846 shares of the basic materials company’s stock valued at $44,636,000 after acquiring an additional 31,618 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Pan American Silver by 108.4% in the third quarter. The Manufacturers Life Insurance Company now owns 1,103,283 shares of the basic materials company’s stock worth $16,084,000 after acquiring an additional 573,843 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PAAS has been the topic of a number of recent research reports. Scotiabank raised their price target on shares of Pan American Silver from $20.00 to $23.00 and gave the company a “sector outperform” rating in a report on Thursday, May 23rd. Jefferies Financial Group upped their price target on Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd. CIBC raised their price objective on Pan American Silver from $27.50 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. StockNews.com raised Pan American Silver from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th. Finally, BMO Capital Markets lifted their price target on shares of Pan American Silver from $22.00 to $24.00 in a research report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.25.

Pan American Silver Stock Down 1.4 %

PAAS opened at $19.60 on Tuesday. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $22.75. The business has a 50 day moving average of $20.22 and a 200-day moving average of $16.78. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of -42.61 and a beta of 1.32. The company has a current ratio of 2.11, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. The firm had revenue of $601.40 million during the quarter, compared to the consensus estimate of $592.58 million. Pan American Silver had a negative net margin of 6.68% and a positive return on equity of 0.13%. The business’s revenue was up 54.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. As a group, sell-side analysts anticipate that Pan American Silver Corp. will post 0.52 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 21st were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.40 annualized dividend and a yield of 2.04%. Pan American Silver’s dividend payout ratio (DPR) is -86.96%.

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.