Canada Pension Plan Investment Board Has $21.14 Million Holdings in Pan American Silver Corp. (NYSE:PAAS)

Canada Pension Plan Investment Board raised its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 31.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,046,142 shares of the basic materials company’s stock after purchasing an additional 251,522 shares during the period. Canada Pension Plan Investment Board’s holdings in Pan American Silver were worth $21,137,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAAS. Public Employees Retirement System of Ohio purchased a new stake in shares of Pan American Silver in the third quarter valued at about $547,000. Barclays PLC increased its stake in Pan American Silver by 156.4% in the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock valued at $1,282,000 after buying an additional 37,480 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Pan American Silver by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company’s stock worth $31,713,000 after buying an additional 108,039 shares in the last quarter. Virtu Financial LLC boosted its stake in shares of Pan American Silver by 23.9% in the 3rd quarter. Virtu Financial LLC now owns 36,873 shares of the basic materials company’s stock worth $770,000 after buying an additional 7,114 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Pan American Silver in the third quarter valued at approximately $257,000. 55.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on PAAS shares. BMO Capital Markets began coverage on Pan American Silver in a research report on Wednesday. They issued a “market perform” rating on the stock. Royal Bank of Canada boosted their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Scotiabank reissued a “sector perform” rating on shares of Pan American Silver in a research report on Monday, April 14th. TD Securities downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating and reduced their target price for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Finally, National Bankshares restated an “outperform” rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.50.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $27.20 on Friday. The company has a 50 day moving average of $25.05 and a 200 day moving average of $23.29. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a market cap of $9.85 billion, a P/E ratio of 85.00 and a beta of 1.06. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $28.60.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly 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. The firm had revenue of $815.10 million for the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. As a group, sell-side analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Monday, March 3rd. Pan American Silver’s payout ratio is 125.00%.

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.