Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Sciencast Management LP

Sciencast Management LP reduced its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 42.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,798 shares of the basic materials company's stock after selling 29,906 shares during the period. 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 institutional investors have also modified their holdings of PAAS. Signaturefd LLC grew its holdings in Pan American Silver by 6.0% in the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock worth $160,000 after purchasing an additional 451 shares during the last quarter. US Bancorp DE grew its holdings in shares of Pan American Silver by 9.6% during the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock valued at $124,000 after buying an additional 539 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Pan American Silver by 23.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after acquiring an additional 549 shares during the period. Principal Securities Inc. raised its stake in Pan American Silver by 12.5% in the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock worth $121,000 after acquiring an additional 664 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Pan American Silver by 3.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company's stock worth $558,000 after acquiring an additional 951 shares during the period. 55.43% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PAAS. Scotiabank raised their price objective on 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. TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and reduced their price target for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Royal Bank of Canada upped their price objective 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. Finally, StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Pan American Silver presently has a consensus rating of "Hold" and an average price target of $27.92.

Pan American Silver Stock Performance

Shares of NYSE:PAAS traded up $0.67 during trading on Thursday, hitting $26.42. 3,970,089 shares of the stock traded hands, compared to its average volume of 3,809,732. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average price of $24.26 and a two-hundred day moving average price of $22.74. Pan American Silver Corp. has a 52-week low of $13.95 and a 52-week high of $27.47. The company has a market cap of $9.57 billion, a price-to-earnings ratio of 82.58 and a beta of 1.25.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting 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 company had revenue of $815.10 million during the quarter, compared to analysts' expectations of $805.20 million. As a group, equities analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.51%. Pan American Silver's dividend payout ratio is currently 125.00%.

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.