Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Monaco Asset Management SAM

Monaco Asset Management SAM trimmed its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 56.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 285,000 shares of the basic materials company's stock after selling 364,876 shares during the period. Pan American Silver comprises 0.9% of Monaco Asset Management SAM's investment portfolio, making the stock its 14th biggest holding. Monaco Asset Management SAM owned approximately 0.08% of Pan American Silver worth $5,666,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Norges Bank acquired a new position in Pan American Silver in the 4th quarter valued at about $63,066,000. Tidal Investments LLC grew its holdings in shares of Pan American Silver by 15,618.3% in the first quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company's stock valued at $57,340,000 after purchasing an additional 3,779,309 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Pan American Silver by 366.9% in the second quarter. Bank of New York Mellon Corp now owns 1,601,137 shares of the basic materials company's stock valued at $31,831,000 after purchasing an additional 1,258,205 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Pan American Silver by 71.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,889,808 shares of the basic materials company's stock worth $30,899,000 after buying an additional 786,525 shares during the period. Finally, Van ECK Associates Corp boosted its position in Pan American Silver by 1.4% in the 1st quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company's stock valued at $701,016,000 after buying an additional 653,064 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PAAS has been the topic of a number of recent research reports. Scotiabank upped their price objective on Pan American Silver from $23.00 to $26.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, July 16th. CIBC upped their price target on Pan American Silver from $30.00 to $35.00 and gave the stock an "outperformer" rating in a report on Wednesday, July 10th. Royal Bank of Canada lifted their price objective on Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday. BMO Capital Markets raised their target price on shares of Pan American Silver from $22.00 to $24.00 in a report on Tuesday, May 21st. Finally, Jefferies Financial Group boosted their price target on shares of Pan American Silver from $19.00 to $22.00 and gave the stock a "hold" rating in a report on Friday, July 12th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Pan American Silver currently has an average rating of "Moderate Buy" and an average price target of $24.79.

Pan American Silver Stock Performance

Shares of PAAS traded up $0.15 during midday trading on Tuesday, reaching $18.96. 2,193,125 shares of the stock were exchanged, compared to its average volume of 4,152,179. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of -40.70 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $24.27. The business's 50-day moving average price is $21.12 and its 200 day moving average price is $19.12.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The company had revenue of $686.30 million during the quarter, compared to analysts' expectations of $696.08 million. During the same quarter last year, the business posted $0.04 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, sell-side analysts expect that Pan American Silver Corp. will post 0.59 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given 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 yield of 2.11%. Pan American Silver's payout ratio is currently -86.96%.

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.