National Bank of Canada FI Acquires 60,137 Shares of Pan American Silver Corp. (NYSE:PAAS)

National Bank of Canada FI lifted its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 908,559 shares of the basic materials company’s stock after purchasing an additional 60,137 shares during the period. National Bank of Canada FI owned about 0.25% of Pan American Silver worth $14,462,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp raised its stake in Pan American Silver by 11.8% in the 4th quarter. Van ECK Associates Corp now owns 45,833,375 shares of the basic materials company’s stock valued at $748,460,000 after acquiring an additional 4,842,547 shares during the period. Cadence Wealth Management LLC raised its stake in Pan American Silver by 8.1% in the 4th quarter. Cadence Wealth Management LLC now owns 48,059 shares of the basic materials company’s stock valued at $785,000 after acquiring an additional 3,584 shares during the period. Marlin Sams Capital Management LLC raised its stake in Pan American Silver by 311.8% in the 4th quarter. Marlin Sams Capital Management LLC now owns 350,000 shares of the basic materials company’s stock valued at $5,716,000 after acquiring an additional 265,000 shares during the period. Parkside Financial Bank & Trust raised its stake in Pan American Silver by 455.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 3,000 shares during the period. Finally, Lesa Sroufe & Co raised its stake in Pan American Silver by 23.8% in the 4th quarter. Lesa Sroufe & Co now owns 209,772 shares of the basic materials company’s stock valued at $3,426,000 after acquiring an additional 40,334 shares during the period. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. CIBC reduced their target price 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. StockNews.com raised Pan American Silver from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Scotiabank lifted their target price on Pan American Silver from $19.50 to $20.00 and gave the company a “sector outperform” rating in a report on Monday, April 8th. TD Securities cut their price objective 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. Finally, BMO Capital Markets cut their price objective on Pan American Silver from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.00.

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $18.63 on Thursday. The company has a quick ratio of 1.09, a current ratio of 2.23 and a debt-to-equity ratio of 0.16. The company has a market cap of $6.77 billion, a PE ratio of -62.10, a P/E/G ratio of 2.49 and a beta of 1.36. The business has a 50 day moving average of $16.43 and a 200 day moving average of $15.20. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $20.60.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.12). The firm had revenue of $669.60 million during the quarter, compared to analysts’ expectations of $657.65 million. Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. During the same period in the previous year, the company earned ($0.02) earnings per share. As a group, equities research analysts forecast that Pan American Silver Corp. will post 0.38 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.10 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.15%. Pan American Silver’s dividend payout ratio is currently -133.33%.

Pan American Silver 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.