Monaco Asset Management SAM Sells 10,000 Shares of Pan American Silver Corp. (NYSE:PAAS)

Monaco Asset Management SAM decreased its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 275,000 shares of the basic materials company's stock after selling 10,000 shares during the quarter. Pan American Silver comprises approximately 0.8% of Monaco Asset Management SAM's investment portfolio, making the stock its 12th biggest position. Monaco Asset Management SAM owned about 0.08% of Pan American Silver worth $5,560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA bought a new stake in Pan American Silver during the fourth quarter worth $27,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver during the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new stake in Pan American Silver during the third quarter worth $32,000. Decker Retirement Planning Inc. bought a new stake in Pan American Silver during the fourth quarter worth $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Pan American Silver during the fourth quarter worth $32,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Trading Down 0.4 %

Pan American Silver stock traded down $0.09 during trading hours on Tuesday, reaching $26.61. 4,717,198 shares of the company's stock were exchanged, compared to its average volume of 3,826,217. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm's 50 day simple moving average is $23.58 and its 200 day simple moving average is $22.44. Pan American Silver Corp. has a twelve month low of $13.52 and a twelve month high of $27.45. The firm has a market capitalization of $9.64 billion, a PE ratio of 83.15 and a beta of 1.25.

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Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting 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 the consensus estimate of $805.20 million. 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued 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 1.50%. Pan American Silver's payout ratio is currently 125.00%.

Analysts Set New Price Targets

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

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.