Sprott Inc. Sells 22,807 Shares of Pan American Silver Corp. (NYSE:PAAS)

Sprott Inc. reduced its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,914,743 shares of the basic materials company's stock after selling 22,807 shares during the period. Pan American Silver comprises 3.5% of Sprott Inc.'s holdings, making the stock its 6th largest position. Sprott Inc. owned about 0.80% of Pan American Silver worth $58,937,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Comprehensive Financial Planning Inc. PA acquired a new stake in Pan American Silver in the 4th quarter valued at about $27,000. Laurel Wealth Advisors LLC bought a new position in Pan American Silver in the 4th quarter valued at about $30,000. Wilmington Savings Fund Society FSB bought a new position in Pan American Silver in the 3rd quarter valued at about $32,000. Decker Retirement Planning Inc. bought a new position in Pan American Silver in the 4th quarter valued at about $32,000. Finally, Mark Sheptoff Financial Planning LLC raised its holdings in Pan American Silver by 102.5% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company's stock valued at $70,000 after acquiring an additional 1,700 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Shares of NYSE PAAS traded down $0.09 during trading hours on Friday, hitting $23.82. 3,355,315 shares of the stock were exchanged, compared to its average volume of 3,052,712. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The company has a market cap of $8.62 billion, a PE ratio of 74.42 and a beta of 1.28. The company's fifty day simple moving average is $22.67 and its two-hundred day simple moving average is $22.11. Pan American Silver Corp. has a 1-year low of $12.19 and a 1-year high of $26.05.

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

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.68%. Pan American Silver's dividend payout ratio is 125.00%.

Analysts Set New Price Targets

Several research analysts have weighed in on PAAS shares. StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Royal Bank of Canada increased their price target 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. Scotiabank raised their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a report on Tuesday. Finally, TD Securities raised their target price on shares of Pan American Silver from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $28.08.

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.