National Bank of Canada FI Boosts Position in Pan American Silver Corp. (NYSE:PAAS)

National Bank of Canada FI boosted its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 7.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 908,559 shares of the basic materials company’s stock after buying an additional 60,137 shares during the quarter. National Bank of Canada FI’s holdings in Pan American Silver were worth $14,462,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PAAS. Optiver Holding B.V. grew its position in shares of Pan American Silver by 90.8% during the 3rd quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 812 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Pan American Silver during the 3rd quarter valued at approximately $46,000. CVA Family Office LLC acquired a new stake in Pan American Silver in the 4th quarter valued at $46,000. Parkside Financial Bank & Trust increased its holdings in Pan American Silver by 455.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Dubuque Bank & Trust Co acquired a new position in Pan American Silver during the third quarter worth $145,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Trading Down 1.4 %

Shares of Pan American Silver stock opened at $18.63 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09. The stock’s 50 day simple moving average is $16.43 and its 200-day simple moving average is $15.20. The stock has a market cap of $6.77 billion, a P/E ratio of -62.10, a P/E/G ratio of 2.49 and a beta of 1.36. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $20.60.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The company had revenue of $669.60 million during the quarter, compared to analysts’ expectations of $657.65 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. During the same quarter last year, the company earned ($0.02) earnings per share. Analysts predict that Pan American Silver Corp. will post 0.38 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.10 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.15%. Pan American Silver’s dividend payout ratio (DPR) is presently -133.33%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Jefferies Financial Group lifted their target price on shares of Pan American Silver from $14.00 to $17.00 and gave the company a “hold” rating in a research report on Monday, April 22nd. TD Securities lowered their price objective on Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a report on Friday, February 23rd. StockNews.com raised Pan American Silver from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Scotiabank lifted their price target on Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 8th. Finally, CIBC reduced their price objective on Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

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.