Norges Bank Invests $91.92 Million in Pan American Silver Corp. (NYSE:PAAS)

Norges Bank purchased a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,546,642 shares of the basic materials company’s stock, valued at approximately $91,916,000. Norges Bank owned approximately 1.25% of Pan American Silver as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PAAS. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Pan American Silver in the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC purchased a new stake in Pan American Silver in the 4th quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new position in Pan American Silver during the third quarter worth $32,000. Decker Retirement Planning Inc. purchased a new position in Pan American Silver during the fourth quarter valued at $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Pan American Silver in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. TD Securities cut Pan American Silver from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Royal Bank of Canada lifted 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. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Scotiabank lifted their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.92.

Pan American Silver Stock Up 1.4 %

Shares of PAAS opened at $25.96 on Thursday. Pan American Silver Corp. has a 52-week low of $15.86 and a 52-week high of $27.47. 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 stock has a fifty day simple moving average of $24.69 and a two-hundred day simple moving average of $22.96. The company has a market capitalization of $9.40 billion, a PE ratio of 81.13 and a beta of 1.25.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The company had revenue of $815.10 million for the quarter, compared to the consensus estimate of $805.20 million. As a group, equities analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.54%. Pan American Silver’s dividend payout ratio (DPR) is 125.00%.

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.