34,890 Shares in Pan American Silver Corp. (NYSE:PAAS) Purchased by Parvin Asset Management LLC

Parvin Asset Management LLC bought a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,890 shares of the basic materials company’s stock, valued at approximately $705,000.

Other hedge funds have also added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA purchased a new position in Pan American Silver during the 4th quarter valued at about $27,000. Laurel Wealth Advisors LLC purchased a new position in Pan American Silver during the 4th quarter valued at about $30,000. Wilmington Savings Fund Society FSB purchased a new position in Pan American Silver during the 3rd quarter valued at about $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Pan American Silver during the 4th quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. purchased a new position in Pan American Silver during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 1.7 %

Shares of PAAS opened at $25.26 on Wednesday. The firm has a market cap of $9.15 billion, a P/E ratio of 78.94 and a beta of 1.06. The stock has a 50 day simple moving average of $25.20 and a two-hundred day simple moving average of $23.49. 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 1 year low of $17.86 and a 1 year high of $28.60.

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 for the quarter, meeting 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. On average, analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.58%. Pan American Silver’s payout ratio is currently 125.00%.

Analysts Set New Price Targets

Several research analysts have recently commented on PAAS shares. BMO Capital Markets started coverage on Pan American Silver in a report on Wednesday, April 16th. They set a “market perform” rating for the company. Scotiabank reissued a “sector perform” rating on shares of Pan American Silver in a report on Monday, April 14th. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a report on Wednesday, April 2nd. TD Securities lowered Pan American Silver from a “buy” rating to a “hold” rating and cut their price objective for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.50.

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.