SBI Securities Co. Ltd. Invests $43,000 in Pan American Silver Corp. (NYSE:PAAS)

SBI Securities Co. Ltd. purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,127 shares of the basic materials company’s stock, valued at approximately $43,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PAAS. Comprehensive Financial Planning Inc. PA acquired a new position in Pan American Silver in the 4th quarter valued at about $27,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Pan American Silver during the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver during the 3rd quarter worth approximately $32,000. Decker Retirement Planning Inc. purchased a new stake in shares of Pan American Silver during the 4th quarter worth approximately $32,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Pan American Silver during the 4th quarter worth approximately $53,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Stock Up 4.5 %

Shares of Pan American Silver stock opened at $24.45 on Wednesday. The business has a 50-day moving average of $23.18 and a 200-day moving average of $22.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The company has a market capitalization of $8.85 billion, a PE ratio of 76.39 and a beta of 1.25. Pan American Silver Corp. has a 1-year low of $13.52 and a 1-year high of $26.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted 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. The business had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. As a group, equities analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.10 dividend. The ex-dividend date 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 is currently 125.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PAAS. Royal Bank of Canada upped their target price 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. TD Securities downgraded Pan American Silver from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $28.00 to $27.00 in a report on Tuesday. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Finally, Scotiabank upped their price target on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently 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.