International Assets Investment Management LLC Purchases Shares of 55,153 Pan American Silver Corp. (NYSE:PAAS)

International Assets Investment Management LLC acquired a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 55,153 shares of the basic materials company’s stock, valued at approximately $901,000.

Other institutional investors also recently modified their holdings of the company. Optiver Holding B.V. raised its position in Pan American Silver by 90.8% in the third quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 812 shares in the last quarter. Ronald Blue Trust Inc. lifted its position in shares of Pan American Silver by 1,474.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 2,504 shares of the basic materials company’s stock worth $36,000 after buying an additional 2,345 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Pan American Silver in the 3rd quarter valued at $46,000. CVA Family Office LLC acquired a new position in Pan American Silver during the fourth quarter worth $46,000. Finally, Dubuque Bank & Trust Co bought a new position in shares of Pan American Silver during the third quarter valued at $145,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PAAS. BMO Capital Markets dropped their target price on shares of Pan American Silver from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Scotiabank lifted their target price on shares of Pan American Silver from $19.50 to $20.00 and gave the company a “sector outperform” rating in a research note on Monday, April 8th. Jefferies Financial Group increased their price target on Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday. TD Securities cut their price objective on Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a research report on Friday, February 23rd. Finally, CIBC decreased their target price on Pan American Silver from $28.00 to $27.50 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Pan American Silver Stock Up 2.0 %

Shares of PAAS opened at $18.60 on Wednesday. The business’s fifty day moving average price is $15.12 and its two-hundred day moving average price is $14.90. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of -62.00, a PEG ratio of 2.14 and a beta of 1.44. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $20.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 2.23.

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 the consensus estimate of $0.08 by ($0.12). Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The firm had revenue of $669.60 million during the quarter, compared to the consensus estimate of $657.65 million. During the same quarter in the prior year, the business earned ($0.02) EPS. On average, analysts predict that Pan American Silver Corp. will post 0.47 earnings per share for the current year.

Pan American Silver Dividend Announcement

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

Pan American Silver 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.