Edmond DE Rothschild Holding S.A. Sells 9,935 Shares of Pan American Silver Corp. (NYSE:PAAS)

Edmond DE Rothschild Holding S.A. lessened its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,458 shares of the basic materials company's stock after selling 9,935 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Pan American Silver were worth $1,930,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PAAS. SBI Securities Co. Ltd. bought a new position in shares of Pan American Silver in the 4th quarter worth approximately $43,000. Barclays PLC raised its position in Pan American Silver by 156.4% in the third quarter. Barclays PLC now owns 61,439 shares of the basic materials company's stock worth $1,282,000 after acquiring an additional 37,480 shares during the period. Triasima Portfolio Management inc. purchased a new position in shares of Pan American Silver during the 4th quarter worth $2,911,000. Ingalls & Snyder LLC grew its position in shares of Pan American Silver by 5.4% during the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock valued at $34,920,000 after acquiring an additional 89,011 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Pan American Silver by 73.2% in the 3rd quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company's stock worth $1,869,000 after purchasing an additional 37,804 shares in the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Pan American Silver Price Performance

PAAS traded down $1.54 on Thursday, hitting $24.44. 5,030,125 shares of the company's stock traded hands, compared to its average volume of 3,850,462. The company's 50 day simple moving average is $24.69 and its 200-day simple moving average is $22.96. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a one year low of $15.86 and a one year high of $27.47. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 76.36 and a beta of 1.25.

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 EPS for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $815.10 million for the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. As a group, research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. Pan American Silver's payout ratio is 125.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PAAS. StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday. Scotiabank boosted their price objective on Pan American Silver from $28.00 to $28.50 and gave the company a "sector outperform" rating in a research note on Tuesday, February 25th. Royal Bank of Canada lifted their price target 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. Finally, TD Securities cut shares of Pan American Silver from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Pan American Silver has a consensus rating of "Hold" and an average target price of $27.92.

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.