Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. decreased its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 92.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 450,770 shares of the basic materials company's stock after selling 5,881,535 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of Pan American Silver worth $9,411,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC increased its holdings in 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 buying an additional 3,779,309 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Pan American Silver by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company's stock worth $824,632,000 after acquiring an additional 2,328,306 shares during the period. Driehaus Capital Management LLC acquired a new position in Pan American Silver during the second quarter worth $38,116,000. Bank of New York Mellon Corp boosted its position in Pan American Silver by 366.9% during the second quarter. Bank of New York Mellon Corp now owns 1,601,137 shares of the basic materials company's stock worth $31,831,000 after purchasing an additional 1,258,205 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Pan American Silver by 51.1% in the second quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company's stock valued at $62,107,000 after purchasing an additional 1,056,981 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. Royal Bank of Canada upped their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Finally, StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $25.42.

Pan American Silver Trading Down 1.4 %

Shares of PAAS traded down $0.33 on Friday, hitting $22.58. 2,591,615 shares of the stock traded hands, compared to its average volume of 4,065,343. Pan American Silver Corp. has a 1 year low of $12.16 and a 1 year high of $26.05. The stock's 50 day moving average is $22.45 and its two-hundred day moving average is $21.39. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $8.20 billion, a P/E ratio of -134.21 and a beta of 1.33.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.77%. Pan American Silver's payout ratio is currently -235.29%.

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.