Jupiter Asset Management Ltd. Purchases New Shares in Pan American Silver Corp. (NYSE:PAAS)

Jupiter Asset Management Ltd. acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,191,032 shares of the basic materials company’s stock, valued at approximately $24,083,000.

Other hedge funds also recently bought and sold shares of the company. Ingalls & Snyder LLC boosted its position in shares of Pan American Silver by 5.4% in the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock worth $34,920,000 after buying an additional 89,011 shares during the period. Amundi increased its stake in Pan American Silver by 5.6% in the 4th quarter. Amundi now owns 1,547,331 shares of the basic materials company’s stock valued at $33,175,000 after buying an additional 82,187 shares during the period. Geode Capital Management LLC grew its holdings in shares of Pan American Silver by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company’s stock valued at $31,713,000 after acquiring an additional 108,039 shares in the last quarter. FMR LLC lifted its holdings in shares of Pan American Silver by 1,834.8% during the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock valued at $28,084,000 after buying an additional 1,275,475 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in Pan American Silver by 30.1% during the third quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company’s stock valued at $23,857,000 after buying an additional 264,772 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Pan American Silver Stock Performance

Shares of NYSE:PAAS opened at $25.28 on Thursday. The business has a fifty day moving average of $23.28 and a 200-day moving average of $22.32. The firm has a market cap of $9.16 billion, a PE ratio of 79.01 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. Pan American Silver Corp. has a twelve month low of $13.52 and a twelve month high of $26.05.

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. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The company had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. On average, equities research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

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 $0.10 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.40 annualized dividend 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.