National Bank of Canada FI Has $17.24 Million Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

National Bank of Canada FI lessened its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 7.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 878,289 shares of the basic materials company's stock after selling 73,303 shares during the quarter. National Bank of Canada FI owned approximately 0.24% of Pan American Silver worth $17,242,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its position in Pan American Silver by 1.4% during the first quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company's stock worth $701,016,000 after purchasing an additional 653,064 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Pan American Silver by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company's stock worth $199,440,000 after buying an additional 159,908 shares during the period. Norges Bank acquired a new position in Pan American Silver in the 4th quarter valued at $63,066,000. Tidal Investments LLC raised its holdings in Pan American Silver by 15,618.3% in the 1st quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company's stock worth $57,340,000 after acquiring an additional 3,779,309 shares during the period. Finally, Sprott Inc. lifted its position in Pan American Silver by 3.7% during the 4th quarter. Sprott Inc. now owns 3,046,124 shares of the basic materials company's stock worth $49,746,000 after acquiring an additional 107,965 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PAAS shares. Jefferies Financial Group raised their price target on Pan American Silver from $19.00 to $22.00 and gave the company a "hold" rating in a research report on Friday, July 12th. StockNews.com raised Pan American Silver from a "sell" rating to a "hold" rating in a research report on Saturday, May 11th. Scotiabank increased their price objective on Pan American Silver from $23.00 to $26.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 16th. BMO Capital Markets boosted their target price on shares of Pan American Silver from $22.00 to $24.00 in a research report on Tuesday, May 21st. Finally, CIBC increased their price target on shares of Pan American Silver from $30.00 to $35.00 and gave the company an "outperformer" rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.42.

Pan American Silver Price Performance

Shares of Pan American Silver stock traded down $0.67 during trading on Friday, hitting $18.62. 3,340,734 shares of the company's stock traded hands, compared to its average volume of 4,176,869. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $24.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92. The company has a market cap of $6.76 billion, a PE ratio of -40.48 and a beta of 1.35. The firm's fifty day moving average price is $21.14 and its 200 day moving average price is $19.07.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.04). The company had revenue of $686.30 million for the quarter, compared to analyst estimates of $696.08 million. Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 earnings per share. Analysts forecast that Pan American Silver Corp. will post 0.59 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.15%. Pan American Silver's payout ratio is presently -86.96%.

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.