CANADA LIFE ASSURANCE Co Raises Holdings in Pan American Silver Corp. (NYSE:PAAS)

CANADA LIFE ASSURANCE Co boosted its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 6.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 410,542 shares of the basic materials company’s stock after buying an additional 24,493 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.11% of Pan American Silver worth $8,294,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Pan American Silver in the fourth quarter valued at $43,000. Barclays PLC lifted its holdings in Pan American Silver by 156.4% in the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock valued at $1,282,000 after purchasing an additional 37,480 shares in the last quarter. Triasima Portfolio Management inc. purchased a new stake in shares of Pan American Silver during the fourth quarter worth about $2,911,000. Ingalls & Snyder LLC raised its position in shares of Pan American Silver by 5.4% in the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock valued at $34,920,000 after buying an additional 89,011 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Pan American Silver by 11.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 488,119 shares of the basic materials company’s stock valued at $9,869,000 after buying an additional 48,419 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

PAAS has been the topic of several analyst reports. TD Securities cut Pan American Silver from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Scotiabank restated a “sector perform” rating on shares of Pan American Silver in a report on Monday, April 14th. BMO Capital Markets started coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They set a “market perform” rating on the stock. Royal Bank of Canada boosted their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.50.

Pan American Silver Trading Down 0.8 %

Shares of PAAS stock opened at $26.97 on Tuesday. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $28.60. The firm’s 50 day moving average price is $25.09 and its two-hundred day moving average price is $23.34. The stock has a market cap of $9.77 billion, a price-to-earnings ratio of 84.28 and a beta of 1.06. 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $815.10 million during 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, analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.48%. Pan American Silver’s dividend payout ratio is currently 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.