Natixis Sells 20,260 Shares of Pan American Silver Corp. (NYSE:PAAS)

Natixis cut its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 47.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,497 shares of the basic materials company's stock after selling 20,260 shares during the quarter. Natixis' holdings in Pan American Silver were worth $455,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on PAAS. Royal Bank of Canada boosted their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. BMO Capital Markets initiated coverage on Pan American Silver in a research report on Wednesday, April 16th. They issued a "market perform" rating for the company. Finally, StockNews.com downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $28.50.

Pan American Silver Stock Performance

Shares of Pan American Silver stock traded up $0.21 during trading hours on Monday, hitting $25.68. 3,649,753 shares of the company's stock traded hands, compared to its average volume of 3,715,605. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 80.25 and a beta of 1.06. 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 Corp. has a 12-month low of $17.86 and a 12-month high of $28.60. The company has a fifty day simple moving average of $25.18 and a 200-day simple moving average of $23.46.

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 (EPS) for the quarter, hitting analysts' consensus estimates 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%. Equities research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Monday, March 3rd. Pan American Silver's payout ratio is currently 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.