Amundi Buys 82,187 Shares of Pan American Silver Corp. (NYSE:PAAS)

Amundi increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 5.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,547,331 shares of the basic materials company’s stock after acquiring an additional 82,187 shares during the period. Amundi’s holdings in Pan American Silver were worth $33,175,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Comprehensive Financial Planning Inc. PA bought a new stake in Pan American Silver during the fourth quarter worth about $27,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver during the fourth quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new stake in Pan American Silver during the third quarter worth about $32,000. Decker Retirement Planning Inc. bought a new stake in Pan American Silver during the fourth quarter worth about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Pan American Silver during the fourth quarter worth about $32,000. Institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

PAAS has been the topic of several research analyst reports. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. TD Securities lowered Pan American Silver from a “buy” rating to a “hold” rating and dropped their price objective for the company from $28.00 to $27.00 in a research note on Tuesday. Royal Bank of Canada upped their price objective 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. Finally, Scotiabank upped their price objective on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.92.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $25.28 on Thursday. The firm has a market cap of $9.16 billion, a P/E ratio of 79.01 and a beta of 1.25. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 1-year low of $13.52 and a 1-year high of $26.05. The business’s 50 day moving average is $23.28 and its 200-day moving average is $22.32.

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

Pan American Silver Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.58%. Pan American Silver’s dividend payout ratio (DPR) is currently 125.00%.

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.