Aigen Investment Management LP Acquires 15,335 Shares of Pan American Silver Corp. (NYSE:PAAS)

Aigen Investment Management LP boosted its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 97.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,040 shares of the basic materials company’s stock after purchasing an additional 15,335 shares during the period. Aigen Investment Management LP’s holdings in Pan American Silver were worth $628,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA bought a new position in Pan American Silver during the 4th quarter valued at about $27,000. Laurel Wealth Advisors LLC bought a new position in Pan American Silver during the 4th quarter valued at about $30,000. Wilmington Savings Fund Society FSB bought a new position in Pan American Silver during the 3rd quarter valued at about $32,000. Decker Retirement Planning Inc. bought a new position in Pan American Silver during the 4th quarter valued at about $32,000. Finally, SBI Securities Co. Ltd. bought a new position in Pan American Silver during the 4th quarter valued at about $43,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Down 1.8 %

Shares of NYSE:PAAS opened at $24.49 on Friday. Pan American Silver Corp. has a one year low of $13.48 and a one year high of $26.05. The company has a 50 day moving average of $22.87 and a 200-day moving average of $22.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 76.52 and a beta of 1.28.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The company had revenue of $815.10 million during the quarter, compared to analysts’ expectations of $805.20 million. On average, sell-side analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on PAAS shares. TD Securities lifted their price target on shares of Pan American Silver from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, February 27th. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Scotiabank raised their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada raised their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.08.

Pan American Silver Company 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.