Barings LLC Takes Position in Pan American Silver Corp. (NYSE:PAAS)

Barings LLC bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 203,872 shares of the basic materials company’s stock, valued at approximately $4,122,000. Barings LLC owned approximately 0.06% of Pan American Silver as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted 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 acquiring an additional 37,480 shares in the last quarter. Marlin Sams Capital Management LLC lifted its stake in Pan American Silver by 89.2% in the 3rd quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock valued at $14,609,000 after acquiring an additional 330,000 shares in the last quarter. Triasima Portfolio Management inc. bought a new stake in Pan American Silver in the 4th quarter valued at approximately $2,911,000. Ingalls & Snyder LLC lifted its stake in Pan American Silver by 5.4% in the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock valued at $34,920,000 after acquiring an additional 89,011 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Pan American Silver by 73.2% in the 3rd quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company’s stock valued at $1,869,000 after acquiring an additional 37,804 shares in the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Up 0.3 %

PAAS stock opened at $24.58 on Friday. 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 firm has a market capitalization of $8.90 billion, a PE ratio of 76.80 and a beta of 1.25. Pan American Silver Corp. has a 1-year low of $13.52 and a 1-year high of $26.05. The business’s 50 day simple moving average is $23.02 and its 200 day simple moving average is $22.25.

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

Pan American Silver Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have commented on PAAS. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Royal Bank of Canada boosted their price target on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Scotiabank boosted their price target 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. Finally, TD Securities boosted their price target on Pan American Silver from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus price target 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.