Cambridge Investment Research Advisors Inc. lifted its stake in Pan American Silver Corp. (NYSE:PAAS – Get Rating) (TSE:PAAS) by 27.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,233 shares of the basic materials company’s stock after acquiring an additional 7,409 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Pan American Silver were worth $559,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in PAAS. Polunin Capital Partners Ltd bought a new position in Pan American Silver during the fourth quarter valued at $27,260,000. Renaissance Technologies LLC increased its holdings in Pan American Silver by 75.9% in the 1st quarter. Renaissance Technologies LLC now owns 2,002,804 shares of the basic materials company’s stock worth $54,681,000 after buying an additional 864,300 shares during the period. Dimensional Fund Advisors LP increased its holdings in Pan American Silver by 45.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,176,665 shares of the basic materials company’s stock worth $34,564,000 after buying an additional 682,040 shares during the period. National Bank of Canada FI grew its stake in shares of Pan American Silver by 1,388.2% during the 4th quarter. National Bank of Canada FI now owns 508,118 shares of the basic materials company’s stock worth $8,297,000 after purchasing an additional 473,976 shares during the period. Finally, Balyasny Asset Management LLC grew its stake in shares of Pan American Silver by 59.4% during the 3rd quarter. Balyasny Asset Management LLC now owns 1,098,680 shares of the basic materials company’s stock worth $17,447,000 after purchasing an additional 409,305 shares during the period. 44.11% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
PAAS has been the topic of a number of research reports. Scotiabank started coverage on Pan American Silver in a report on Monday, April 3rd. They issued an “outperform” rating on the stock. National Bank Financial reissued an “outperform spec overweight” rating on shares of Pan American Silver in a research report on Tuesday, February 28th. StockNews.com upgraded Pan American Silver from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Finally, TD Securities reduced their price objective on Pan American Silver from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, February 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Pan American Silver presently has an average rating of “Moderate Buy” and an average price target of $25.50.
Pan American Silver Price Performance
Pan American Silver (NYSE:PAAS – Get Rating) (TSE:PAAS) last announced its earnings results on Thursday, February 23rd. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The business had revenue of $375.43 million for the quarter, compared to the consensus estimate of $409.65 million. Pan American Silver had a negative net margin of 22.82% and a positive return on equity of 0.74%. The firm’s revenue was down 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS. As a group, analysts forecast that Pan American Silver Corp. will post 0.54 EPS for the current year.
Pan American Silver Announces Dividend
The company also recently announced a None dividend, which was paid on Friday, May 12th. Shareholders of record on Friday, April 14th were given a $0.10 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend was Thursday, April 13th. Pan American Silver’s payout ratio is currently -27.23%.
About Pan American Silver
Pan American Silver Corp. engages in the operation, development, and exploration of silver and gold producing properties and assets. It operates through the Silver and Gold segments. The company was founded by Ross J. Beaty and John H. Wright on March 17, 1979 and is headquartered in Vancouver, Canada.
- Get a free copy of the StockNews.com research report on Pan American Silver (PAAS)
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