Guggenheim Capital LLC Has $4.28 Million Stake in Pan American Silver Corp. (NYSE:PAAS)

Guggenheim Capital LLC reduced its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 21.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,569 shares of the basic materials company's stock after selling 58,414 shares during the period. Guggenheim Capital LLC owned 0.06% of Pan American Silver worth $4,278,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PAAS. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Pan American Silver during the 4th quarter worth $27,000. Laurel Wealth Advisors LLC purchased a new stake in Pan American Silver in the 4th quarter valued at about $30,000. Decker Retirement Planning Inc. purchased a new stake in Pan American Silver in the 4th quarter valued at about $32,000. Wilmington Savings Fund Society FSB purchased a new stake in Pan American Silver during the third quarter worth about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Pan American Silver during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Analyst Upgrades and Downgrades

PAAS has been the subject of a number of research reports. Royal Bank of Canada boosted their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. TD Securities downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Finally, StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Pan American Silver has an average rating of "Hold" and an average price target of $28.50.

Pan American Silver Trading Up 1.0 %

Shares of PAAS stock traded up $0.26 during mid-day trading on Thursday, reaching $25.94. The company's stock had a trading volume of 1,336,194 shares, compared to its average volume of 3,708,072. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $28.60. The company's 50 day simple moving average is $25.13 and its 200-day simple moving average is $23.37. The firm has a market capitalization of $9.39 billion, a PE ratio of 80.97 and a beta of 1.06.

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

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Monday, March 3rd. Pan American Silver's dividend payout ratio (DPR) is presently 125.00%.

Pan American Silver 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.