Oxford Asset Management LLP Purchases 40,404 Shares of Pan American Silver Corp. (NYSE:PAAS)

Oxford Asset Management LLP grew its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 169.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,242 shares of the basic materials company’s stock after purchasing an additional 40,404 shares during the period. Pan American Silver comprises about 0.7% of Oxford Asset Management LLP’s investment portfolio, making the stock its 24th biggest holding. Oxford Asset Management LLP’s holdings in Pan American Silver were worth $1,299,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Pan American Silver by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company’s stock valued at $283,385,000 after acquiring an additional 221,561 shares during the last quarter. FIL Ltd lifted its stake in shares of Pan American Silver by 4.6% in the 4th quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company’s stock worth $270,848,000 after purchasing an additional 584,017 shares during the period. Norges Bank purchased a new stake in Pan American Silver during the fourth quarter valued at approximately $91,916,000. Geode Capital Management LLC boosted its stake in shares of Pan American Silver by 32.2% during the 4th quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company’s stock worth $40,776,000 after acquiring an additional 494,133 shares during the last quarter. Finally, Ingalls & Snyder LLC increased its stake in shares of Pan American Silver by 5.4% in the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock worth $34,920,000 after purchasing an additional 89,011 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Down 2.1 %

PAAS opened at $25.47 on Friday. Pan American Silver Corp. has a one year low of $17.86 and a one year high of $28.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 79.60 and a beta of 1.06. The stock’s 50 day moving average price is $25.18 and its 200-day moving average price is $23.44.

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

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s payout ratio is 125.00%.

Analyst Ratings Changes

Several analysts have issued reports on the company. BMO Capital Markets started coverage on Pan American Silver in a report on Wednesday, April 16th. They set a “market perform” rating for the company. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Wednesday, April 2nd. TD Securities lowered Pan American Silver from a “buy” rating to a “hold” rating and cut their price target for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Finally, Scotiabank reiterated a “sector perform” rating on shares of Pan American Silver in a research report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.50.

Pan American Silver Company 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.