Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 48.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 143,112 shares of the basic materials company's stock after selling 135,056 shares during the period. Russell Investments Group Ltd.'s holdings in Pan American Silver were worth $2,886,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PAAS. Norges Bank acquired a new stake in Pan American Silver during the 4th quarter worth approximately $91,916,000. Jupiter Asset Management Ltd. purchased a new position in Pan American Silver in the fourth quarter valued at $24,083,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Pan American Silver by 135.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,062,315 shares of the basic materials company's stock worth $21,463,000 after purchasing an additional 611,545 shares in the last quarter. Geode Capital Management LLC increased its holdings in Pan American Silver by 32.2% during the 4th quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company's stock worth $40,776,000 after purchasing an additional 494,133 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Pan American Silver in the 4th quarter valued at about $6,834,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PAAS shares. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. BMO Capital Markets began coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They issued a "market perform" rating on the stock. TD Securities cut 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 research report on Tuesday, March 11th. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Pan American Silver has a consensus rating of "Hold" and an average target price of $28.50.

Pan American Silver Stock Performance

NYSE PAAS traded down $0.23 during trading hours on Monday, hitting $26.97. The company had a trading volume of 5,036,999 shares, compared to its average volume of 3,701,693. The business has a 50 day moving average of $25.05 and a 200-day moving average of $23.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $28.60. The company has a market cap of $9.77 billion, a PE ratio of 84.28 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 company had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. As a group, equities research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.48%. Pan American Silver's payout ratio is 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.