CM Management LLC Purchases 30,000 Shares of Pan American Silver Corp. (NYSE:PAAS)

CM Management LLC raised its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 60.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 80,000 shares of the basic materials company’s stock after acquiring an additional 30,000 shares during the period. CM Management LLC’s holdings in Pan American Silver were worth $1,618,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PAAS. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Pan American Silver during the fourth quarter worth $27,000. Laurel Wealth Advisors LLC purchased a new stake in Pan American Silver during the 4th quarter valued at about $30,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Pan American Silver in the third quarter worth $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Pan American Silver during the fourth quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. purchased a new stake in Pan American Silver in the 4th quarter worth approximately $32,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $24.58 on Friday. Pan American Silver Corp. has a one year low of $13.52 and a one year high of $26.05. The company has a 50-day simple moving average of $23.02 and a two-hundred day simple moving average of $22.25. 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 company has a market capitalization of $8.90 billion, a PE ratio of 76.80 and a beta of 1.25.

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

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.63%. Pan American Silver’s payout ratio is 125.00%.

Analysts Set New Price Targets

PAAS has been the topic of a number of analyst reports. TD Securities upped their price target on shares of Pan American Silver from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Royal Bank of Canada increased their price objective 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, Scotiabank lifted their target price on Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.08.

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.