Korea Investment CORP Acquires 119,730 Shares of Pan American Silver Corp. (NYSE:PAAS)

Korea Investment CORP lifted its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 152.8% in the fourth quarter, HoldingsChannel reports. The fund owned 198,082 shares of the basic materials company’s stock after buying an additional 119,730 shares during the period. Korea Investment CORP’s holdings in Pan American Silver were worth $4,005,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Signaturefd LLC boosted its position in Pan American Silver by 6.0% during the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company’s stock valued at $160,000 after buying an additional 451 shares during the period. US Bancorp DE boosted its holdings in Pan American Silver by 9.6% during the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company’s stock valued at $124,000 after acquiring an additional 539 shares during the period. Jones Financial Companies Lllp grew its position in Pan American Silver by 23.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 549 shares during the last quarter. Principal Securities Inc. increased its stake in Pan American Silver by 12.5% in the 4th 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. Finally, Northwest & Ethical Investments L.P. lifted its position in Pan American Silver by 1.4% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 70,451 shares of the basic materials company’s stock valued at $1,423,000 after purchasing an additional 972 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $25.55 on Wednesday. Pan American Silver Corp. has a 1 year low of $15.45 and a 1 year high of $27.47. The stock has a market capitalization of $9.25 billion, a P/E ratio of 79.86 and a beta of 1.25. The company’s 50-day moving average is $24.61 and its 200 day moving average is $22.94. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $815.10 million for the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. On average, sell-side analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

Wall Street Analyst Weigh In

PAAS has been the topic of several recent analyst reports. Scotiabank raised their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Tuesday, February 25th. TD Securities cut shares of Pan American Silver from a “buy” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada increased their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Pan American Silver has an average rating of “Hold” and an average target price of $27.92.

Pan American Silver Company 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.