Achmea Investment Management B.V. Reduces Position in Pan American Silver Corp. (NYSE:PAAS)

Achmea Investment Management B.V. trimmed its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 157,361 shares of the basic materials company's stock after selling 16,545 shares during the quarter. Achmea Investment Management B.V.'s holdings in Pan American Silver were worth $3,182,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE raised its position in shares of Pan American Silver by 9.6% during the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock worth $124,000 after purchasing an additional 539 shares during the period. Jones Financial Companies Lllp raised its holdings in Pan American Silver by 23.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock worth $58,000 after buying an additional 549 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Pan American Silver by 12.5% in the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock valued at $121,000 after buying an additional 664 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Pan American Silver by 3.7% during the third quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company's stock valued at $558,000 after buying an additional 951 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Pan American Silver by 164.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock worth $39,000 after acquiring an additional 1,209 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com downgraded Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday, December 1st. TD Securities lowered Pan American Silver from a "buy" rating to a "hold" rating and lowered their price target for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Scotiabank lifted their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada increased their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $27.92.

Pan American Silver Stock Performance

NYSE:PAAS traded down $0.08 during trading on Wednesday, reaching $26.52. The company's stock had a trading volume of 2,483,926 shares, compared to its average volume of 3,825,586. Pan American Silver Corp. has a 12 month low of $13.52 and a 12 month high of $27.47. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 82.89 and a beta of 1.25. The firm has a 50 day moving average of $23.69 and a 200-day moving average of $22.48. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. Research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.51%. Pan American Silver's payout ratio is 125.00%.

About Pan American Silver

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.