33,115 Shares in Pan American Silver Corp. $PAAS Bought by CenterBook Partners LP

CenterBook Partners LP purchased a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, Holdings Channel.com reports. The firm purchased 33,115 shares of the basic materials company’s stock, valued at approximately $1,716,000.

Other large investors have also made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of Pan American Silver by 51.8% during the third quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock worth $1,748,355,000 after purchasing an additional 15,405,762 shares in the last quarter. Vanguard Group Inc. boosted its stake in Pan American Silver by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock worth $905,513,000 after purchasing an additional 274,168 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Pan American Silver by 38.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock worth $560,149,000 after purchasing an additional 4,037,311 shares during the period. Invesco Ltd. grew its holdings in Pan American Silver by 9.8% during the 3rd quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock valued at $383,365,000 after buying an additional 882,135 shares in the last quarter. Finally, Norges Bank purchased a new stake in Pan American Silver during the 4th quarter valued at approximately $303,611,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PAAS. TD Securities raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Monday, May 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, TD Cowen raised Pan American Silver from a “hold” rating to a “buy” rating and increased their price target for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

Pan American Silver Trading Down 2.7%

Shares of PAAS stock opened at $46.02 on Wednesday. The company has a market cap of $19.39 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 0.37 and a beta of 0.67. Pan American Silver Corp. has a 1 year low of $26.76 and a 1 year high of $69.99. The stock’s 50 day simple moving average is $55.47 and its two-hundred day simple moving average is $54.74. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The company’s quarterly revenue was up 49.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS. Research analysts predict that Pan American Silver Corp. will post 4.65 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s payout ratio is presently 23.15%.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.