Semanteon Capital Management LP Buys Shares of 50,310 Pan American Silver Corp. (NYSE:PAAS)

Semanteon Capital Management LP purchased a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 50,310 shares of the basic materials company’s stock, valued at approximately $1,017,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Comprehensive Financial Planning Inc. PA acquired a new position in Pan American Silver in the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver during the 4th quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB bought a new position in Pan American Silver during the 3rd quarter worth $32,000. Decker Retirement Planning Inc. acquired a new stake in Pan American Silver in the fourth quarter worth $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Pan American Silver in the fourth quarter valued at $32,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

NYSE:PAAS opened at $26.40 on Friday. The company has a 50-day moving average of $23.88 and a 200-day moving average of $22.54. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 82.50 and a beta of 1.25. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a twelve month low of $13.79 and a twelve month high of $27.47.

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

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s payout ratio is 125.00%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Scotiabank lifted 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. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Royal Bank of Canada lifted their target price on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, TD Securities cut Pan American Silver from a “buy” rating to a “hold” rating and decreased their price target for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Pan American Silver has an average rating of “Hold” and a consensus price target of $27.92.

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.