Renaissance Technologies LLC lifted its position in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 2.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,832,800 shares of the basic materials company’s stock after buying an additional 75,883 shares during the period. Renaissance Technologies LLC owned approximately 2.50% of Pan American Silver worth $59,640,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of PAAS. Cerebellum GP LLC bought a new stake in shares of Pan American Silver in the 4th quarter worth $126,000. SG Americas Securities LLC acquired a new stake in shares of Pan American Silver during the fourth quarter worth $131,000. Alliancebernstein L.P. acquired a new stake in shares of Pan American Silver during the second quarter worth $170,000. Quantbot Technologies LP acquired a new stake in shares of Pan American Silver during the third quarter worth $177,000. Finally, Virtu Financial LLC acquired a new stake in shares of Pan American Silver during the third quarter worth $178,000. 51.56% of the stock is currently owned by institutional investors.
Pan American Silver Corp. (PAAS) opened at $15.91 on Wednesday. Pan American Silver Corp. has a twelve month low of $13.99 and a twelve month high of $19.56. The firm has a market capitalization of $2,411.00, a price-to-earnings ratio of 32.12, a PEG ratio of 4.77 and a beta of 0.28.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.14 dividend on an annualized basis and a yield of 0.88%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.03. Pan American Silver’s payout ratio is 17.72%.
PAAS has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Friday, February 16th. Scotiabank set a $21.00 target price on Pan American Silver and gave the stock a “buy” rating in a research report on Monday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 target price on shares of Pan American Silver in a research report on Tuesday, January 9th. BidaskClub raised Pan American Silver from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 21st. Finally, CSFB lifted their price target on Pan American Silver from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $21.23.
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Pan American Silver Company Profile
Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.
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