Signaturefd LLC Purchases 451 Shares of Pan American Silver Corp. (NYSE:PAAS)

Signaturefd LLC increased its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,924 shares of the basic materials company’s stock after buying an additional 451 shares during the period. Signaturefd LLC’s holdings in Pan American Silver were worth $160,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on PAAS shares. Royal Bank of Canada lifted their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Scotiabank lifted their price target on shares of 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. Finally, TD Securities cut shares of Pan American Silver from a “buy” rating to a “hold” rating and reduced their price objective for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.92.

Pan American Silver Stock Down 2.5 %

Shares of NYSE PAAS opened at $25.73 on Friday. The stock has a market capitalization of $9.32 billion, a P/E ratio of 80.42 and a beta of 1.25. The company has a 50-day moving average price of $23.97 and a 200-day moving average price of $22.60. Pan American Silver Corp. has a 1 year low of $13.91 and a 1 year high of $27.47. 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 (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The business had revenue of $815.10 million for the quarter, compared to analysts’ expectations of $805.20 million. On average, equities research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.55%. The ex-dividend date was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

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.