Jupiter Asset Management Ltd. Invests $24.08 Million in Pan American Silver Corp. (NYSE:PAAS)

Jupiter Asset Management Ltd. purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,191,032 shares of the basic materials company’s stock, valued at approximately $24,083,000. Jupiter Asset Management Ltd. owned about 0.33% of Pan American Silver as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. FMR LLC increased its stake in Pan American Silver by 1,834.8% during the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock valued at $28,084,000 after purchasing an additional 1,275,475 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Pan American Silver in the 4th quarter valued at about $6,834,000. National Bank of Canada FI grew its position in shares of Pan American Silver by 30.1% during the 3rd quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company’s stock valued at $23,857,000 after buying an additional 264,772 shares during the last quarter. Barings LLC acquired a new stake in Pan American Silver during the fourth quarter worth about $4,122,000. Finally, Oxbow Advisors LLC bought a new position in Pan American Silver in the fourth quarter worth about $3,279,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PAAS has been the subject of several recent research reports. TD Securities lowered Pan American Silver from a “buy” rating to a “hold” rating and lowered their target price for the company from $28.00 to $27.00 in a report on Tuesday. Scotiabank increased their target price 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. Royal Bank of Canada boosted their price target 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, StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.92.

Pan American Silver Trading Up 3.3 %

NYSE:PAAS opened at $25.28 on Thursday. Pan American Silver Corp. has a 1 year low of $13.52 and a 1 year high of $26.05. The business has a fifty day moving average of $23.28 and a 200-day moving average of $22.32. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 79.01 and a beta of 1.25.

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

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Monday, March 3rd. Pan American Silver’s dividend payout ratio is presently 125.00%.

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.