Barings LLC Makes New Investment in Pan American Silver Corp. (NYSE:PAAS)

Barings LLC acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, Holdings Channel reports. The firm acquired 203,872 shares of the basic materials company’s stock, valued at approximately $4,122,000.

Several other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE increased its position in shares of Pan American Silver by 9.6% in the fourth 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 period. Jones Financial Companies Lllp increased 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 worth $58,000 after purchasing an additional 549 shares during the period. Principal Securities Inc. increased its position in shares of Pan American Silver by 12.5% in the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 664 shares during the period. Advisors Asset Management Inc. increased its position in shares of Pan American Silver by 3.7% in the third quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock worth $558,000 after purchasing an additional 951 shares during the period. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Pan American Silver in the fourth quarter worth $27,000. Institutional investors own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PAAS. Royal Bank of Canada raised their price target 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. Scotiabank raised their price target on Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Tuesday, February 25th. TD Securities raised their price objective on Pan American Silver from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.08.

Pan American Silver Stock Performance

NYSE:PAAS opened at $24.58 on Friday. The stock’s 50-day simple moving average is $23.02 and its 200 day simple moving average is $22.25. Pan American Silver Corp. has a twelve month low of $13.52 and a twelve month high of $26.05. The firm has a market capitalization of $8.90 billion, a PE ratio of 76.80 and a beta of 1.25. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced 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. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The firm had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. On average, analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, March 3rd. Pan American Silver’s payout ratio is 125.00%.

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.