Sciencast Management LP Trims Stake in Pan American Silver Corp. (NYSE:PAAS)

Sciencast Management LP cut its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 42.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,798 shares of the basic materials company's stock after selling 29,906 shares during the quarter. Sciencast Management LP's holdings in Pan American Silver were worth $825,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. FMR LLC boosted its holdings in Pan American Silver by 1,834.8% in the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company's stock worth $28,084,000 after buying an additional 1,275,475 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Pan American Silver in the fourth quarter worth $24,083,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Pan American Silver by 135.7% in the fourth 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 purchasing an additional 611,545 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Pan American Silver during the 4th quarter worth about $6,834,000. Finally, National Bank of Canada FI boosted its stake in Pan American Silver by 30.1% in the 3rd quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company's stock worth $23,857,000 after purchasing an additional 264,772 shares during the period. 55.43% of the stock is currently owned by institutional investors.

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Pan American Silver Trading Up 0.5 %

Pan American Silver stock traded up $0.13 during mid-day trading on Tuesday, reaching $26.00. 1,880,356 shares of the company traded hands, compared to its average volume of 3,807,763. 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 52-week low of $13.91 and a 52-week high of $27.47. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 81.24 and a beta of 1.25. The firm's 50 day moving average price is $24.08 and its 200 day moving average price is $22.67.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $815.10 million for the quarter, compared to analysts' expectations of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. On average, analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. Pan American Silver's payout ratio is currently 125.00%.

Wall Street Analysts Forecast Growth

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

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.