Clough Capital Partners L P Takes $2.15 Million Position in Pan American Silver Corp. $PAAS

Clough Capital Partners L P bought a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 41,563 shares of the basic materials company’s stock, valued at approximately $2,153,000.

A number of other institutional investors have also recently modified their holdings of PAAS. Van ECK Associates Corp grew its position in shares of Pan American Silver by 51.8% during the 3rd quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock valued at $1,748,355,000 after acquiring an additional 15,405,762 shares during the period. Norges Bank acquired a new stake in shares of Pan American Silver during the 4th quarter valued at about $303,611,000. First Eagle Investment Management LLC acquired a new stake in shares of Pan American Silver during the 3rd quarter valued at about $178,004,000. FIL Ltd lifted its stake in Pan American Silver by 154.7% in the 4th quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock valued at $378,872,000 after buying an additional 4,438,478 shares in the last quarter. Finally, Capital International Investors purchased a new position in Pan American Silver in the 4th quarter valued at about $215,484,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Down 2.9%

Shares of NYSE PAAS opened at $50.44 on Thursday. The company has a 50 day simple moving average of $54.74 and a 200-day simple moving average of $55.13. The company has a market capitalization of $21.25 billion, a P/E ratio of 16.22, a P/E/G ratio of 0.41 and a beta of 0.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. Pan American Silver Corp. has a 1 year low of $26.76 and a 1 year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The business’s revenue was up 49.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. On average, equities research analysts predict that Pan American Silver Corp. will post 4.65 earnings per share for the current year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. Pan American Silver’s dividend payout ratio (DPR) is currently 23.15%.

Analysts Set New Price Targets

PAAS has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Monday, May 11th. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a research note on Tuesday, April 28th. Finally, Wall Street Zen lowered shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 30th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Pan American Silver Company Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.