Lighthouse Investment Partners LLC Invests $990,000 in Pan American Silver Corp. (NYSE:PAAS)

Lighthouse Investment Partners LLC acquired a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 49,793 shares of the basic materials company’s stock, valued at approximately $990,000.

A number of other institutional investors have also modified their holdings of PAAS. SCP Investment LP acquired a new position in Pan American Silver during the fourth quarter valued at approximately $307,000. Dimensional Fund Advisors LP lifted its holdings in shares of Pan American Silver by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,139,812 shares of the basic materials company’s stock valued at $34,944,000 after acquiring an additional 111,089 shares in the last quarter. Franklin Resources Inc. boosted its position in Pan American Silver by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 238,839 shares of the basic materials company’s stock worth $3,899,000 after purchasing an additional 1,169 shares during the period. TD Asset Management Inc increased its holdings in Pan American Silver by 10.4% in the 4th quarter. TD Asset Management Inc now owns 2,003,166 shares of the basic materials company’s stock valued at $32,859,000 after purchasing an additional 188,503 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in Pan American Silver by 446.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 8,781 shares of the basic materials company’s stock valued at $143,000 after purchasing an additional 7,174 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Down 4.0 %

Shares of PAAS opened at $21.45 on Friday. The company has a current ratio of 2.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $24.27. The stock has a 50 day moving average of $20.74 and a 200-day moving average of $19.84.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The business had revenue of $686.30 million for the quarter, compared to the consensus estimate of $696.08 million. During the same quarter in the previous year, the firm earned $0.04 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts expect that Pan American Silver Corp. will post 0.61 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a yield of 1.86%. Pan American Silver’s dividend payout ratio is currently -86.96%.

Wall Street Analysts Forecast Growth

PAAS has been the subject of a number of recent research reports. CIBC increased their target price on Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Jefferies Financial Group dropped their price objective on shares of Pan American Silver from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Royal Bank of Canada boosted their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, Scotiabank raised their price target on shares of Pan American Silver from $23.00 to $26.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.64.

Pan American Silver Profile

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.