Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Acquires Shares of 149,962 Pan American Silver Corp. (NYSE:PAAS)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, Holdings Channel reports. The firm purchased 149,962 shares of the basic materials company’s stock, valued at approximately $3,032,000. Pan American Silver comprises about 4.2% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings, making the stock its 6th largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC grew its holdings in Pan American Silver by 6.0% during the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company’s stock worth $160,000 after acquiring an additional 451 shares during the period. US Bancorp DE lifted its holdings in Pan American Silver by 9.6% in the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 539 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Pan American Silver by 23.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 549 shares during the last quarter. Principal Securities Inc. raised its stake in Pan American Silver by 12.5% during the 4th 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 during the last quarter. Finally, Northwest & Ethical Investments L.P. lifted its position in shares of Pan American Silver by 1.4% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 70,451 shares of the basic materials company’s stock worth $1,423,000 after acquiring an additional 972 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Pan American Silver stock opened at $25.95 on Friday. The stock has a 50-day moving average price of $24.45 and a two-hundred day moving average price of $22.82. The company has a market capitalization of $9.40 billion, a PE ratio of 81.11 and a beta of 1.25. Pan American Silver Corp. has a 12 month low of $15.10 and a 12 month high of $27.47. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $815.10 million for 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%. Analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.54%. Pan American Silver’s payout ratio is 125.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PAAS shares. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. TD Securities cut Pan American Silver from a “buy” rating to a “hold” rating and reduced their price target for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Scotiabank boosted their target price 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. Finally, 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 report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently 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.