Pan American Silver Corp. (NYSE:PAAS) Shares Acquired by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC grew its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,394,702 shares of the basic materials company’s stock after acquiring an additional 1,723 shares during the quarter. Pan American Silver comprises approximately 4.8% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 3rd biggest position. Euro Pacific Asset Management LLC’s holdings in Pan American Silver were worth $22,749,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PAAS. Moneta Group Investment Advisors LLC increased its stake in shares of Pan American Silver by 94,294.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 35,309,364 shares of the basic materials company’s stock worth $576,955,000 after acquiring an additional 35,271,958 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Pan American Silver by 41.5% during the 2nd quarter. BlackRock Inc. now owns 10,601,093 shares of the basic materials company’s stock worth $154,564,000 after purchasing an additional 3,107,329 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Pan American Silver by 447.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,513,826 shares of the basic materials company’s stock worth $51,232,000 after purchasing an additional 2,872,342 shares during the period. Van ECK Associates Corp grew its holdings in shares of Pan American Silver by 7.3% during the 3rd quarter. Van ECK Associates Corp now owns 40,990,828 shares of the basic materials company’s stock worth $593,547,000 after purchasing an additional 2,798,867 shares during the period. Finally, Norges Bank purchased a new position in shares of Pan American Silver during the 4th quarter worth $35,988,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Up 1.3 %

Pan American Silver stock traded up $0.24 during midday trading on Thursday, reaching $19.14. 2,759,108 shares of the stock traded hands, compared to its average volume of 4,357,024. The company has a 50-day simple moving average of $14.65 and a two-hundred day simple moving average of $14.75. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $20.60. The firm has a market cap of $6.95 billion, a PE ratio of -63.00, a price-to-earnings-growth ratio of 2.11 and a beta of 1.44. The company has a current ratio of 2.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). The company had revenue of $669.60 million during the quarter, compared to analysts’ expectations of $657.65 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. During the same quarter in the previous year, the business posted ($0.02) EPS. Research analysts expect that Pan American Silver Corp. will post 0.47 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Friday, March 1st. Pan American Silver’s payout ratio is presently -133.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. CIBC lowered their price target on Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Scotiabank increased their price target on Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a report on Monday, April 8th. TD Securities lowered their price target on Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a report on Friday, February 23rd. Jefferies Financial Group assumed coverage on Pan American Silver in a report on Thursday, February 29th. They set a “hold” rating and a $14.00 target price for the company. Finally, StockNews.com cut Pan American Silver from a “hold” rating to a “sell” rating in a report on Monday, January 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Pan American Silver currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

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.