FIL Ltd trimmed its holdings in shares of Pan American Silver Corp. (NYSE:PAAS – Free Report) (TSE:PAAS) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,968,784 shares of the basic materials company’s stock after selling 105,473 shares during the period. FIL Ltd owned about 3.01% of Pan American Silver worth $179,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Optiver Holding B.V. lifted its position in shares of Pan American Silver by 90.8% during the third quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock valued at $25,000 after buying an additional 812 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Pan American Silver by 0.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 142,845 shares of the basic materials company’s stock valued at $2,107,000 after buying an additional 857 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in shares of Pan American Silver by 0.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 174,400 shares of the basic materials company’s stock valued at $2,861,000 after buying an additional 900 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Pan American Silver by 0.7% during the third quarter. Stifel Financial Corp now owns 146,442 shares of the basic materials company’s stock valued at $2,120,000 after buying an additional 1,064 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Pan American Silver by 0.5% during the fourth quarter. Franklin Resources Inc. now owns 238,839 shares of the basic materials company’s stock valued at $3,899,000 after buying an additional 1,169 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on PAAS shares. StockNews.com raised shares of Pan American Silver from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th. BMO Capital Markets increased their price objective on shares of Pan American Silver from $22.00 to $24.00 in a research report on Tuesday, May 21st. Scotiabank increased their price objective on shares of Pan American Silver from $20.00 to $23.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 23rd. TD Securities decreased their price objective on shares of Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a research report on Friday, February 23rd. Finally, CIBC increased their price objective on shares of Pan American Silver from $27.50 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, May 22nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and an average target price of $22.25.
Check Out Our Latest Stock Report on Pan American Silver
Pan American Silver Stock Up 0.6 %
PAAS opened at $19.88 on Friday. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $22.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.11 and a quick ratio of 0.92. The firm has a 50 day moving average of $19.94 and a two-hundred day moving average of $16.37.
Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. Pan American Silver had a negative net margin of 6.68% and a positive return on equity of 0.13%. The company had revenue of $601.40 million during the quarter, compared to analyst estimates of $592.58 million. During the same period last year, the firm posted $0.10 EPS. Pan American Silver’s revenue for the quarter was up 54.1% compared to the same quarter last year. On average, equities research analysts expect that Pan American Silver Corp. will post 0.41 earnings per share for the current fiscal year.
Pan American Silver Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.10 per share. The ex-dividend date was Monday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.01%. Pan American Silver’s payout ratio is -86.96%.
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.
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