Oxbow Advisors LLC Buys Shares of 162,166 Pan American Silver Corp. (NYSE:PAAS)

Oxbow Advisors LLC bought a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, Holdings Channel reports. The firm bought 162,166 shares of the basic materials company’s stock, valued at approximately $3,279,000.

Several other large investors have also modified their holdings of PAAS. Van ECK Associates Corp raised its stake in shares of 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 valued at $824,632,000 after acquiring an additional 2,328,306 shares in the last quarter. FMR LLC raised its stake in shares of 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 valued at $28,084,000 after acquiring an additional 1,275,475 shares in the last quarter. Marlin Sams Capital Management LLC raised its stake in shares of 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 valued at $14,609,000 after acquiring an additional 330,000 shares in the last quarter. National Bank of Canada FI raised its stake in shares of 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 valued at $23,857,000 after acquiring an additional 264,772 shares in the last quarter. Finally, Triasima Portfolio Management inc. bought a new stake in shares of Pan American Silver during the fourth quarter valued at approximately $2,911,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on PAAS shares. Royal Bank of Canada lifted 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 note on Tuesday, February 11th. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average price target of $25.92.

Pan American Silver Stock Performance

Shares of NYSE:PAAS opened at $24.43 on Friday. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 76.33 and a beta of 1.28. Pan American Silver Corp. has a 52 week low of $12.19 and a 52 week high of $26.05. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $22.35 and a 200 day moving average of $21.93.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. On average, sell-side analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

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