The Manufacturers Life Insurance Company increased its position in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 39.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,655 shares of the basic materials company’s stock after purchasing an additional 50,455 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.12% of Pan American Silver worth $2,764,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in Pan American Silver in the fourth quarter worth about $126,000. SG Americas Securities LLC acquired a new stake in Pan American Silver in the fourth quarter worth about $131,000. Alliancebernstein L.P. acquired a new stake in Pan American Silver in the second quarter worth about $170,000. Quantbot Technologies LP acquired a new stake in Pan American Silver in the third quarter worth about $177,000. Finally, Virtu Financial LLC acquired a new stake in Pan American Silver in the third quarter worth about $178,000. Hedge funds and other institutional investors own 51.56% of the company’s stock.
A number of analysts recently commented on PAAS shares. 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 price objective on Pan American Silver and gave the stock a “buy” rating in a research report on Monday, January 8th. Royal Bank of Canada restated an “outperform” rating and set a $22.00 target price on shares of Pan American Silver in a report on Tuesday, January 9th. BidaskClub upgraded Pan American Silver from a “strong sell” rating to a “sell” rating in a report on Thursday, December 21st. Finally, CSFB raised their target price on Pan American Silver from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, two have given 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 a consensus target price of $21.23.
Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its earnings results on Tuesday, February 20th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.06). Pan American Silver had a net margin of 15.02% and a return on equity of 5.03%. The firm had revenue of $226.03 million during the quarter, compared to analyst estimates of $212.17 million. equities analysts expect that Pan American Silver Corp. will post 0.83 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Monday, March 5th will be given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, March 2nd. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.03. Pan American Silver’s dividend payout ratio (DPR) is currently 17.72%.
Pan American Silver 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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