Y Intercept Hong Kong Ltd Makes New $734,000 Investment in Pan American Silver Corp. (NYSE:PAAS)

Y Intercept Hong Kong Ltd 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 disclosure with the Securities and Exchange Commission (SEC). The fund purchased 36,308 shares of the basic materials company’s stock, valued at approximately $734,000.

Several other hedge funds have also recently added to or reduced their stakes in PAAS. Van ECK Associates Corp lifted its stake in Pan American Silver by 6.3% during the third quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock worth $824,632,000 after purchasing an additional 2,328,306 shares during the last quarter. FMR LLC lifted its stake in Pan American Silver by 1,834.8% during the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock worth $28,084,000 after purchasing an additional 1,275,475 shares during the last quarter. Marlin Sams Capital Management LLC lifted its stake in Pan American Silver by 89.2% during the third quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock worth $14,609,000 after purchasing an additional 330,000 shares during the last quarter. National Bank of Canada FI lifted its stake in Pan American Silver by 30.1% during the third quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company’s stock worth $23,857,000 after purchasing an additional 264,772 shares during the last quarter. Finally, Oxbow Advisors LLC bought a new stake in Pan American Silver during the fourth quarter worth about $3,279,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Down 0.4 %

PAAS opened at $23.82 on Friday. The business has a 50 day simple moving average of $22.67 and a two-hundred day simple moving average of $22.11. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 74.42 and a beta of 1.28. 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 $12.19 and a one year high of $26.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $815.10 million during 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%. Analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.68%. Pan American Silver’s dividend payout ratio (DPR) is 125.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PAAS shares. Scotiabank lifted their price target on Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Tuesday. TD Securities boosted their target price on Pan American Silver from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada boosted 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, StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.08.

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.