Leuthold Group LLC Acquires Shares of 132,743 Pan American Silver Corp. (NYSE:PAAS)

Leuthold Group LLC bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 132,743 shares of the basic materials company’s stock, valued at approximately $2,684,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in Pan American Silver by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock valued at $824,632,000 after purchasing an additional 2,328,306 shares during the last quarter. Ingalls & Snyder LLC lifted its holdings in shares of 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of Pan American Silver by 7.6% during the third quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company’s stock valued at $31,713,000 after buying an additional 108,039 shares during the last quarter. FMR LLC grew its holdings 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 buying an additional 1,275,475 shares in the last quarter. Finally, National Bank of Canada FI raised its position in Pan American Silver by 30.1% in the 3rd quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company’s stock valued at $23,857,000 after buying an additional 264,772 shares during the last quarter. 55.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on PAAS. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Royal Bank of Canada raised their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.92.

Pan American Silver Trading Down 4.2 %

Shares of Pan American Silver stock opened at $24.43 on Friday. The firm has a market cap of $8.85 billion, a PE ratio of 76.33 and a beta of 1.28. Pan American Silver Corp. has a 1 year low of $12.19 and a 1 year high of $26.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The stock has a fifty day moving average price of $22.35 and a 200-day moving average price of $21.93.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The business had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. Equities research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is currently 125.00%.

About Pan American Silver

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.