Campbell & CO Investment Adviser LLC bought a new position in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,286 shares of the basic materials company’s stock, valued at approximately $136,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. AGF Investments Inc. lifted its holdings in shares of Pan American Silver by 138.5% during the first quarter. AGF Investments Inc. now owns 205,627 shares of the basic materials company’s stock valued at $2,720,000 after purchasing an additional 119,427 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of Pan American Silver during the first quarter valued at $106,000. Swiss National Bank lifted its holdings in shares of Pan American Silver by 39.2% during the first quarter. Swiss National Bank now owns 383,500 shares of the basic materials company’s stock valued at $5,070,000 after purchasing an additional 108,000 shares in the last quarter. Intact Investment Management Inc. bought a new position in shares of Pan American Silver during the first quarter valued at $15,283,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Pan American Silver by 14.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,182,858 shares of the basic materials company’s stock valued at $15,673,000 after purchasing an additional 145,267 shares in the last quarter. 73.74% of the stock is currently owned by institutional investors and hedge funds.

PAAS stock opened at $11.51 on Thursday. Pan American Silver Corp. has a fifty-two week low of $10.26 and a fifty-two week high of $18.40. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.74 and a current ratio of 3.83. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 10.25 and a beta of 0.03.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, May 8th. The basic materials company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Pan American Silver had a positive return on equity of 2.11% and a negative net margin of 0.34%. The company had revenue of $232.60 million for the quarter, compared to the consensus estimate of $240.67 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. Pan American Silver’s revenue was up 12.4% on a year-over-year basis. On average, equities analysts predict that Pan American Silver Corp. will post 0.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 21st were issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Monday, May 20th. Pan American Silver’s dividend payout ratio is 35.90%.

A number of research analysts have recently issued reports on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $21.00 price target on shares of Pan American Silver in a report on Friday, February 22nd. BidaskClub downgraded Pan American Silver from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. TheStreet downgraded Pan American Silver from a “b-” rating to a “c” rating in a report on Friday, February 22nd. National Bank Financial assumed coverage on Pan American Silver in a report on Tuesday, March 26th. They set a “sector perform” rating on the stock. Finally, Deutsche Bank raised Pan American Silver from a “hold” rating to a “buy” rating and lowered their price target for the company from $17.50 to $15.50 in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $16.97.

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Pan American Silver Profile

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

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Institutional Ownership by Quarter for Pan American Silver (NASDAQ:PAAS)

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