CM Management LLC Boosts Stake in Pan American Silver Corp. (NYSE:PAAS)

CM Management LLC increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 60.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,000 shares of the basic materials company’s stock after acquiring an additional 30,000 shares during the period. CM Management LLC’s holdings in Pan American Silver were worth $1,618,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in PAAS. Barclays PLC lifted its position in shares of Pan American Silver by 156.4% during the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock worth $1,282,000 after buying an additional 37,480 shares during the last quarter. Marlin Sams Capital Management LLC lifted its position in shares of Pan American Silver by 89.2% in the third quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock valued at $14,609,000 after acquiring an additional 330,000 shares in the last quarter. Triasima Portfolio Management inc. acquired a new position in Pan American Silver in the 4th quarter valued at $2,911,000. Ingalls & Snyder LLC raised its stake in Pan American Silver by 5.4% during the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock worth $34,920,000 after purchasing an additional 89,011 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Pan American Silver by 73.2% during the third quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company’s stock worth $1,869,000 after buying an additional 37,804 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $24.58 on Friday. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 76.80 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. Pan American Silver Corp. has a 12 month low of $13.52 and a 12 month high of $26.05. The stock’s 50 day moving average price is $23.02 and its 200 day moving average price is $22.25.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The firm had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Equities research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PAAS shares. TD Securities raised their price target on shares of Pan American Silver from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Scotiabank increased their price target on 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. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Finally, Royal Bank of Canada raised 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.08.

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.