United Services Automobile Association Buys 1,078 Shares of Pan American Silver Corp. (NYSE:PAAS)

United Services Automobile Association increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,156 shares of the basic materials company’s stock after buying an additional 1,078 shares during the quarter. United Services Automobile Association’s holdings in Pan American Silver were worth $266,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its stake in shares of Pan American Silver by 1,834.8% in the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock worth $28,084,000 after acquiring an additional 1,275,475 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in Pan American Silver in the 4th quarter worth about $24,083,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Pan American Silver by 135.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,062,315 shares of the basic materials company’s stock valued at $21,463,000 after buying an additional 611,545 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Pan American Silver in the 4th quarter worth approximately $6,834,000. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of Pan American Silver by 204.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 412,800 shares of the basic materials company’s stock valued at $8,342,000 after acquiring an additional 277,300 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $25.90 on Tuesday. The firm has a market capitalization of $9.38 billion, a PE ratio of 80.92 and a beta of 1.25. 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 50-day moving average price of $24.08 and a two-hundred day moving average price of $22.67. Pan American Silver Corp. has a twelve month low of $13.91 and a twelve month high of $27.47.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 EPS 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 company had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Equities 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 was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Scotiabank lifted their price target on Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Tuesday, February 25th. TD Securities downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating and cut their price target for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Royal Bank of Canada raised their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.92.

About Pan American Silver

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.