Pan American Silver Corp. (NYSE:PAAS) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. raised its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 6.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 252,494 shares of the basic materials company’s stock after acquiring an additional 15,275 shares during the period. Franklin Resources Inc.’s holdings in Pan American Silver were worth $5,101,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Pan American Silver during the fourth quarter worth about $43,000. Barclays PLC boosted its position in shares of Pan American Silver by 156.4% in the third quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock worth $1,282,000 after acquiring an additional 37,480 shares during the last quarter. Triasima Portfolio Management inc. purchased a new stake in Pan American Silver in the fourth quarter valued at approximately $2,911,000. Ingalls & Snyder LLC raised its stake in Pan American Silver by 5.4% during the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock worth $34,920,000 after purchasing an additional 89,011 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Pan American Silver by 73.2% in the 3rd quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company’s stock valued at $1,869,000 after purchasing an additional 37,804 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on PAAS. Royal Bank of Canada increased their target price 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. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd. TD Securities downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Finally, Scotiabank lifted their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.92.

Pan American Silver Trading Up 1.8 %

NYSE PAAS opened at $24.85 on Friday. The stock has a market cap of $9.00 billion, a P/E ratio of 77.66 and a beta of 1.06. The company’s fifty day simple moving average is $24.75 and its 200-day simple moving average is $23.06. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 52 week low of $17.86 and a 52 week high of $27.47.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. Equities research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.61%. Pan American Silver’s dividend payout ratio (DPR) is presently 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.