Korea Investment CORP Acquires 119,730 Shares of Pan American Silver Corp. (NYSE:PAAS)

Korea Investment CORP raised its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 152.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,082 shares of the basic materials company’s stock after purchasing an additional 119,730 shares during the quarter. Korea Investment CORP owned 0.05% of Pan American Silver worth $4,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Pan American Silver Stock Down 1.1 %

Shares of NYSE:PAAS opened at $25.55 on Wednesday. The firm has a fifty day moving average price of $24.61 and a two-hundred day moving average price of $22.94. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 79.86 and a beta of 1.25. 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 Corp. has a one year low of $15.45 and a one year high of $27.47.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted 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 return on equity of 6.14% and a net margin of 3.98%. The company had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.57%. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PAAS. Scotiabank boosted their target price on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Tuesday, February 25th. Royal Bank of Canada upped their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Finally, TD Securities downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating and reduced their target price for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.92.

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.