Bank of New York Mellon Corp Reduces Holdings in Pan American Silver Corp. (NYSE:PAAS)

Bank of New York Mellon Corp cut its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,779,268 shares of the basic materials company's stock after selling 41,235 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.49% of Pan American Silver worth $35,977,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PAAS. FMR LLC grew its position in Pan American Silver by 1,834.8% during the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company's stock valued at $28,084,000 after purchasing an additional 1,275,475 shares during the last quarter. Marlin Sams Capital Management LLC lifted its stake in shares of Pan American Silver by 89.2% in the 3rd quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company's stock worth $14,609,000 after purchasing an additional 330,000 shares during the period. National Bank of Canada FI raised its stake in Pan American Silver by 30.1% during the 3rd quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company's stock worth $23,857,000 after acquiring an additional 264,772 shares during the period. Oxbow Advisors LLC bought a new stake in Pan American Silver during the 4th quarter worth approximately $3,279,000. Finally, Triasima Portfolio Management inc. bought a new stake in Pan American Silver during the 4th quarter worth approximately $2,911,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

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Pan American Silver Trading Up 0.3 %

Shares of NYSE:PAAS traded up $0.07 on Friday, hitting $24.58. 3,112,636 shares of the company's stock were exchanged, compared to its average volume of 3,056,698. Pan American Silver Corp. has a 12 month low of $13.52 and a 12 month high of $26.05. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 76.80 and a beta of 1.25. The business's 50 day simple moving average is $23.02 and its two-hundred day simple moving average is $22.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96.

Pan American Silver (NYSE:PAAS - Get Free Report) 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 the consensus estimate of $0.35. The business had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. Analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.63%. Pan American Silver's payout ratio is currently 125.00%.

Analyst Ratings Changes

PAAS has been the topic of several recent analyst reports. TD Securities lifted their price objective on shares of Pan American Silver from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Royal Bank of Canada lifted their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Finally, Scotiabank lifted their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the company a "sector outperform" rating in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Pan American Silver presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.08.

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.