Pan American Silver Corp. (NYSE:PAAS) Stake Lessened by Ninety One UK Ltd

Ninety One UK Ltd cut its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,011,901 shares of the basic materials company’s stock after selling 37,322 shares during the period. Ninety One UK Ltd owned approximately 0.83% of Pan American Silver worth $49,184,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PAAS. Bank of New York Mellon Corp lifted its stake in Pan American Silver by 2.5% during the first quarter. Bank of New York Mellon Corp now owns 224,029 shares of the basic materials company’s stock valued at $6,115,000 after purchasing an additional 5,501 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Pan American Silver by 32.8% during the first quarter. PNC Financial Services Group Inc. now owns 11,465 shares of the basic materials company’s stock valued at $312,000 after purchasing an additional 2,830 shares during the last quarter. BlackRock Inc. lifted its position in shares of Pan American Silver by 2.5% in the 1st quarter. BlackRock Inc. now owns 122,288 shares of the basic materials company’s stock valued at $3,339,000 after acquiring an additional 2,987 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Pan American Silver in the 1st quarter valued at approximately $207,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Pan American Silver by 18.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,248,440 shares of the basic materials company’s stock valued at $34,084,000 after acquiring an additional 190,839 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PAAS. BMO Capital Markets reduced their price target on shares of Pan American Silver from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. StockNews.com downgraded shares of Pan American Silver from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. CIBC reduced their price target on shares of Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Jefferies Financial Group began coverage on shares of Pan American Silver in a research report on Thursday, February 29th. They issued a “hold” rating and a $14.00 target price for the company. Finally, Scotiabank increased their target price on shares of Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Pan American Silver Trading Up 0.8 %

PAAS stock opened at $19.06 on Friday. The company has a 50 day moving average of $14.77 and a two-hundred day moving average of $14.78. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $20.60. The company has a current ratio of 2.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. The business had revenue of $669.60 million for the quarter, compared to analyst estimates of $657.65 million. During the same quarter last year, the company earned ($0.02) EPS. As a group, research analysts predict that Pan American Silver Corp. will post 0.47 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, March 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.10%. Pan American Silver’s dividend payout ratio (DPR) is -133.33%.

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.