Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Invesco Ltd.

Invesco Ltd. cut its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 8.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,908,064 shares of the basic materials company's stock after selling 552,531 shares during the period. Invesco Ltd. owned 1.63% of Pan American Silver worth $119,461,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA acquired a new position in Pan American Silver in the fourth quarter valued at $27,000. Laurel Wealth Advisors LLC acquired a new position in shares of Pan American Silver during the 4th quarter valued at about $30,000. Decker Retirement Planning Inc. acquired a new stake in shares of Pan American Silver in the fourth quarter worth approximately $32,000. Wilmington Savings Fund Society FSB purchased a new stake in Pan American Silver in the third quarter valued at approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Pan American Silver during the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PAAS. TD Securities downgraded 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. Royal Bank of Canada boosted their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Finally, Scotiabank lifted their target price on shares of Pan American Silver from $28.50 to $32.00 and gave the company a "sector outperform" rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $28.50.

Remove Ads

Pan American Silver Stock Up 1.1 %

NYSE:PAAS traded up $0.29 on Tuesday, reaching $27.47. The stock had a trading volume of 3,471,593 shares, compared to its average volume of 3,713,983. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $27.63. The stock has a market cap of $9.95 billion, a P/E ratio of 85.84 and a beta of 1.06. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $24.88 and a 200 day moving average of $23.16.

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

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid 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 yield of 1.46%. Pan American Silver's dividend payout ratio (DPR) is 125.00%.

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.