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

Y Intercept Hong Kong Ltd bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 36,308 shares of the basic materials company’s stock, valued at approximately $734,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Pan American Silver during the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Pan American Silver in the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver in the 3rd quarter worth approximately $32,000. Decker Retirement Planning Inc. purchased a new stake in shares of Pan American Silver in the 4th quarter worth approximately $32,000. Finally, Mark Sheptoff Financial Planning LLC grew its stake in shares of Pan American Silver by 102.5% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company’s stock worth $70,000 after buying an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PAAS. Scotiabank upped 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. Royal Bank of Canada upped their price target on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. TD Securities upped their price target on Pan American Silver from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Pan American Silver has an average rating of “Moderate Buy” and a consensus price target of $28.08.

Pan American Silver Stock Performance

PAAS stock opened at $23.82 on Friday. The stock has a market capitalization of $8.62 billion, a PE ratio of 74.42 and a beta of 1.28. Pan American Silver Corp. has a 12-month low of $12.19 and a 12-month high of $26.05. 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 stock’s 50 day simple moving average is $22.67 and its 200 day simple moving average is $22.11.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $815.10 million for the quarter, compared to analysts’ expectations 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 forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

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

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.