Quantinno Capital Management LP Has $710,000 Position in Pan American Silver Corp. (NYSE:PAAS)

Quantinno Capital Management LP boosted its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,096 shares of the basic materials company’s stock after acquiring an additional 7,164 shares during the quarter. Quantinno Capital Management LP’s holdings in Pan American Silver were worth $710,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Pan American Silver in the fourth quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Pan American Silver in the fourth quarter valued at $32,000. Farther Finance Advisors LLC increased its stake in shares of Pan American Silver by 164.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company’s stock valued at $39,000 after buying an additional 1,209 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Pan American Silver in the fourth quarter valued at $43,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Pan American Silver in the fourth quarter valued at $53,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PAAS. BMO Capital Markets began coverage on Pan American Silver in a research note on Wednesday, April 16th. They issued a “market perform” rating for the company. TD Securities lowered their target price on Pan American Silver from $30.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday. CIBC raised their target price on Pan American Silver from $38.00 to $42.00 and gave the company an “outperformer” rating in a research note on Thursday, May 8th. Royal Bank of Canada boosted their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, Scotiabank reissued a “sector perform” rating on shares of Pan American Silver in a report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and an average target price of $30.60.

Pan American Silver Stock Performance

Shares of NYSE:PAAS opened at $24.12 on Friday. The stock has a market capitalization of $8.74 billion, a P/E ratio of 75.39 and a beta of 0.75. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $28.60. 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 business has a 50-day moving average price of $24.94 and a two-hundred day moving average price of $23.52.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.23. The firm had revenue of $773.20 million during the quarter, compared to analysts’ expectations of $696.62 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The company’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 EPS. Equities analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.66%. Pan American Silver’s payout ratio is currently 45.98%.

Pan American Silver 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.