Semanteon Capital Management LP Buys Shares of 50,310 Pan American Silver Corp. (NYSE:PAAS)

Semanteon Capital Management LP acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 50,310 shares of the basic materials company’s stock, valued at approximately $1,017,000.

A number of other institutional investors have also recently bought and sold shares of the company. Ingalls & Snyder LLC lifted its holdings in shares of Pan American Silver by 5.4% during the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock valued at $34,920,000 after buying an additional 89,011 shares during the last quarter. Amundi lifted its stake in Pan American Silver by 5.6% in the fourth quarter. Amundi now owns 1,547,331 shares of the basic materials company’s stock valued at $33,175,000 after acquiring an additional 82,187 shares during the last quarter. Geode Capital Management LLC grew its position in Pan American Silver by 7.6% in the third quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company’s stock worth $31,713,000 after acquiring an additional 108,039 shares in the last quarter. FMR LLC increased its stake 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 worth $28,084,000 after purchasing an additional 1,275,475 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Pan American Silver during the 4th quarter valued at $24,083,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of NYSE PAAS opened at $26.40 on Friday. Pan American Silver Corp. has a 12 month low of $13.79 and a 12 month high of $27.47. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The company has a market cap of $9.56 billion, a P/E ratio of 82.50 and a beta of 1.25. The business’s 50 day moving average is $23.88 and its two-hundred day moving average is $22.54.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $815.10 million during the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. On average, equities analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s payout ratio is presently 125.00%.

Analyst Ratings Changes

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

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.