Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Acquires Shares of 149,962 Pan American Silver Corp. (NYSE:PAAS)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 149,962 shares of the basic materials company’s stock, valued at approximately $3,032,000. Pan American Silver accounts for approximately 4.2% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s portfolio, making the stock its 6th biggest holding.

Several other large investors have also recently modified their holdings of the business. Norges Bank bought a new position in Pan American Silver during the fourth quarter valued at approximately $91,916,000. Mint Tower Capital Management B.V. lifted its stake in shares of Pan American Silver by 15.4% in the fourth quarter. Mint Tower Capital Management B.V. now owns 20,000 shares of the basic materials company’s stock worth $404,000 after buying an additional 2,673 shares in the last quarter. Korea Investment CORP boosted its holdings in Pan American Silver by 152.8% in the fourth quarter. Korea Investment CORP now owns 198,082 shares of the basic materials company’s stock worth $4,005,000 after purchasing an additional 119,730 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Pan American Silver during the 4th quarter valued at about $118,000. Finally, United Services Automobile Association increased its stake in shares of Pan American Silver by 8.9% in the 4th quarter. United Services Automobile Association now owns 13,156 shares of the basic materials company’s stock worth $266,000 after purchasing an additional 1,078 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PAAS shares. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Royal Bank of Canada increased their price target on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. TD Securities downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Finally, Scotiabank upped their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.92.

Pan American Silver Trading Down 1.8 %

Shares of PAAS stock opened at $25.95 on Friday. The company has a 50-day moving average of $24.45 and a two-hundred day moving average of $22.82. Pan American Silver Corp. has a 1-year low of $15.10 and a 1-year high of $27.47. 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 firm has a market cap of $9.40 billion, a PE ratio of 81.11 and a beta of 1.25.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting 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 the consensus estimate of $805.20 million. On average, analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. 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.