Oxbow Advisors LLC Purchases Shares of 162,166 Pan American Silver Corp. (NYSE:PAAS)

Oxbow Advisors LLC purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 162,166 shares of the basic materials company’s stock, valued at approximately $3,279,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. US Bancorp DE raised its holdings in Pan American Silver by 13.4% during the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after acquiring an additional 660 shares during the period. Principal Securities Inc. grew its position in shares of Pan American Silver by 12.5% during the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 664 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Pan American Silver by 3.7% during the third quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock valued at $558,000 after purchasing an additional 951 shares in the last quarter. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Pan American Silver during the fourth quarter valued at about $27,000. Finally, Eastern Bank purchased a new position in shares of Pan American Silver during the third quarter valued at about $28,000. 55.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PAAS shares. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Royal Bank of Canada raised their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and a consensus price target of $25.92.

Pan American Silver Trading Down 4.2 %

PAAS opened at $24.43 on Friday. The firm has a market cap of $8.85 billion, a P/E ratio of 76.33 and a beta of 1.28. Pan American Silver Corp. has a 12 month low of $12.19 and a 12 month high of $26.05. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $22.35 and a 200 day moving average of $21.93.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $815.10 million during 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%. As a group, research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a $0.10 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.64%. Pan American Silver’s dividend payout ratio is currently 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.