Clough Capital Partners L P Buys New Stake in Pan American Silver Corp. $PAAS

Clough Capital Partners L P bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, Holdings Channel.com reports. The fund bought 41,563 shares of the basic materials company’s stock, valued at approximately $2,153,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Asset One Wealth Management LLC acquired a new stake in Pan American Silver in the 4th quarter valued at approximately $3,591,000. Boothbay Fund Management LLC increased its holdings in Pan American Silver by 103.2% in the 4th quarter. Boothbay Fund Management LLC now owns 12,160 shares of the basic materials company’s stock valued at $630,000 after purchasing an additional 6,176 shares during the last quarter. Caisse de depot et placement du Quebec acquired a new stake in Pan American Silver in the 4th quarter valued at approximately $15,107,000. AQR Capital Management LLC increased its holdings in Pan American Silver by 1,319.7% in the 4th quarter. AQR Capital Management LLC now owns 649,129 shares of the basic materials company’s stock valued at $33,653,000 after purchasing an additional 603,407 shares during the last quarter. Finally, EFG International AG acquired a new stake in Pan American Silver in the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PAAS shares. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a research note on Tuesday, April 28th. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and boosted their price target for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.00.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $50.44 on Thursday. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average price of $54.74 and a 200 day moving average price of $55.13. The company has a market cap of $21.25 billion, a P/E ratio of 16.22, a PEG ratio of 0.41 and a beta of 0.67. Pan American Silver Corp. has a 12 month low of $26.76 and a 12 month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The company’s revenue was up 49.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Sell-side analysts predict that Pan American Silver Corp. will post 4.65 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. Pan American Silver’s payout ratio is 23.15%.

Pan American Silver Company Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.