Ruffer LLP Sells 84,275 Shares of Pan American Silver Corp. (NYSE:PAAS)

Ruffer LLP cut its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,084,516 shares of the basic materials company's stock after selling 84,275 shares during the quarter. Pan American Silver makes up about 0.8% of Ruffer LLP's holdings, making the stock its 28th biggest position. Ruffer LLP owned approximately 0.30% of Pan American Silver worth $21,929,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PAAS. US Bancorp DE grew its stake in 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 acquiring an additional 539 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Pan American Silver by 23.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 549 shares in the last quarter. Principal Securities Inc. increased 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. Advisors Asset Management Inc. raised its stake in Pan American Silver by 3.7% in the third quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company's stock valued at $558,000 after purchasing an additional 951 shares in the last quarter. Finally, Comprehensive Financial Planning Inc. PA bought a new stake in shares of Pan American Silver during the 4th quarter worth $27,000. Institutional investors own 55.43% of the company's stock.

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Pan American Silver Price Performance

Pan American Silver stock traded up $0.33 during mid-day trading on Thursday, hitting $25.58. The stock had a trading volume of 5,634,628 shares, compared to its average volume of 3,831,766. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The firm's 50 day moving average is $23.28 and its 200 day moving average is $22.32. The firm has a market capitalization of $9.26 billion, a P/E ratio of 79.92 and a beta of 1.25. Pan American Silver Corp. has a one year low of $13.52 and a one year high of $26.12.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) 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 business had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. On average, sell-side analysts forecast 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 will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.56%. The ex-dividend date is Monday, March 3rd. Pan American Silver's payout ratio is currently 125.00%.

Analyst Upgrades and Downgrades

PAAS has been the topic of a number of analyst reports. StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Scotiabank increased their target price 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 cut Pan American Silver from a "buy" rating to a "hold" rating and dropped their price objective for the company from $28.00 to $27.00 in a research report on Tuesday. Finally, Royal Bank of Canada upped their price objective 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $27.92.

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.