National Bank of Canada FI Sells 30,501 Shares of Pan American Silver Corp. (NYSE:PAAS)

National Bank of Canada FI reduced its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,112,560 shares of the basic materials company's stock after selling 30,501 shares during the quarter. National Bank of Canada FI owned about 0.31% of Pan American Silver worth $22,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of PAAS. Norges Bank purchased a new position in shares of Pan American Silver during the fourth quarter worth approximately $91,916,000. FMR LLC lifted its stake in Pan American Silver by 1,834.8% in the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company's stock worth $28,084,000 after purchasing an additional 1,275,475 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Pan American Silver during the fourth quarter valued at about $24,083,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Pan American Silver by 135.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,062,315 shares of the basic materials company's stock valued at $21,463,000 after acquiring an additional 611,545 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Pan American Silver during the fourth quarter valued at approximately $6,834,000. 55.43% of the stock is currently owned by institutional investors.

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Pan American Silver Price Performance

Shares of NYSE PAAS traded up $0.86 during midday trading on Tuesday, reaching $22.73. The stock had a trading volume of 1,893,447 shares, compared to its average volume of 3,289,910. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The stock has a 50-day moving average of $24.72 and a 200-day moving average of $23.01. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 71.00 and a beta of 1.06. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $27.47.

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

Pan American Silver Dividend Announcement

The business also recently announced 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. This represents a $0.40 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's dividend payout ratio is currently 125.00%.

Analysts Set New Price Targets

PAAS has been the topic of several recent analyst reports. TD Securities cut shares of Pan American Silver from a "buy" rating to a "hold" rating and cut their price target for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Royal Bank of Canada boosted 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. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Finally, Scotiabank boosted 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 research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.