United Services Automobile Association Acquires 1,078 Shares of Pan American Silver Corp. (NYSE:PAAS)

United Services Automobile Association increased its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,156 shares of the basic materials company’s stock after purchasing an additional 1,078 shares during the quarter. United Services Automobile Association’s holdings in Pan American Silver were worth $266,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in shares of Pan American Silver in the 4th quarter valued at about $43,000. Barclays PLC lifted its stake in shares of Pan American Silver by 156.4% in the third quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock worth $1,282,000 after acquiring an additional 37,480 shares during the period. Triasima Portfolio Management inc. bought a new stake in Pan American Silver in the fourth quarter valued at approximately $2,911,000. Ingalls & Snyder LLC raised its holdings in Pan American Silver by 5.4% during the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock worth $34,920,000 after purchasing an additional 89,011 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Pan American Silver by 73.2% during the 3rd quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company’s stock worth $1,869,000 after purchasing an additional 37,804 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

Shares of PAAS opened at $25.90 on Tuesday. Pan American Silver Corp. has a one year low of $13.91 and a one year high of $27.47. The company has a market cap of $9.38 billion, a PE ratio of 80.92 and a beta of 1.25. The stock has a 50-day moving average of $24.08 and a 200-day moving average of $22.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $805.20 million. On average, equities research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.54%. Pan American Silver’s payout ratio is 125.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PAAS. TD Securities cut shares of Pan American Silver from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Scotiabank lifted their price objective on Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Tuesday, February 25th. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Finally, Royal Bank of Canada raised their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.