Schroder Investment Management Group Raises Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Schroder Investment Management Group increased its position in Pan American Silver Corp. (NYSE:PAASFree Report) (TSE:PAAS) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,658,985 shares of the basic materials company’s stock after purchasing an additional 171,500 shares during the period. Schroder Investment Management Group owned 0.45% of Pan American Silver worth $27,091,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in shares of Pan American Silver by 11.8% in the fourth quarter. Van ECK Associates Corp now owns 45,833,375 shares of the basic materials company’s stock worth $748,460,000 after acquiring an additional 4,842,547 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Pan American Silver by 1.4% in the third quarter. Vanguard Group Inc. now owns 12,888,593 shares of the basic materials company’s stock worth $186,627,000 after acquiring an additional 183,681 shares during the last quarter. Invesco Ltd. grew its stake in shares of Pan American Silver by 9.7% in the third quarter. Invesco Ltd. now owns 5,895,109 shares of the basic materials company’s stock worth $85,361,000 after acquiring an additional 520,978 shares during the last quarter. Norges Bank purchased a new stake in shares of Pan American Silver in the fourth quarter worth $63,066,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Pan American Silver by 1.0% in the third quarter. Ameriprise Financial Inc. now owns 3,080,846 shares of the basic materials company’s stock worth $44,636,000 after acquiring an additional 31,618 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Performance

PAAS stock opened at $20.06 on Tuesday. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $22.75. The business’s 50-day moving average is $19.72 and its two-hundred day moving average is $16.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.11 and a quick ratio of 0.92.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last posted its earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. Pan American Silver had a positive return on equity of 0.13% and a negative net margin of 6.68%. The company had revenue of $601.40 million for the quarter, compared to the consensus estimate of $592.58 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. Pan American Silver’s revenue was up 54.1% on a year-over-year basis. On average, research analysts forecast that Pan American Silver Corp. will post 0.41 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 21st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Monday, May 20th. Pan American Silver’s dividend payout ratio is -86.96%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PAAS. StockNews.com raised Pan American Silver from a “sell” rating to a “hold” rating in a research note on Saturday, May 11th. TD Securities cut their target price on Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a research note on Friday, February 23rd. CIBC increased their target price on Pan American Silver from $27.50 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. BMO Capital Markets upped their price target on Pan American Silver from $22.00 to $24.00 in a report on Tuesday, May 21st. Finally, Jefferies Financial Group upped their price target on Pan American Silver from $14.00 to $17.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

Get Our Latest Stock Report on Pan American Silver

Pan American Silver Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PAAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pan American Silver Corp. (NYSE:PAASFree Report) (TSE:PAAS).

Institutional Ownership by Quarter for Pan American Silver (NYSE:PAAS)

Receive News & Ratings for Pan American Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver and related companies with MarketBeat.com's FREE daily email newsletter.