Pan American Silver Corp. (NYSE:PAAS) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 431,272 shares of the basic materials company's stock after selling 33,070 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of Pan American Silver worth $9,001,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp grew its holdings in Pan American Silver by 6.3% in the third quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company's stock valued at $824,632,000 after purchasing an additional 2,328,306 shares during the period. Mackenzie Financial Corp lifted its position in Pan American Silver by 51.1% during 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 buying an additional 1,056,981 shares in the last quarter. TD Asset Management Inc lifted its position in Pan American Silver by 22.1% during the second quarter. TD Asset Management Inc now owns 2,186,157 shares of the basic materials company's stock valued at $43,440,000 after buying an additional 395,589 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in Pan American Silver during the second quarter valued at approximately $38,116,000. Finally, The Manufacturers Life Insurance Company lifted its position in Pan American Silver by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 1,829,052 shares of the basic materials company's stock valued at $36,300,000 after buying an additional 27,372 shares in the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Jefferies Financial Group lifted their price target on shares of Pan American Silver from $21.00 to $23.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Finally, StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver currently has an average rating of "Moderate Buy" and a consensus target price of $25.42.

Pan American Silver Stock Up 5.0 %

Shares of NYSE PAAS traded up $1.11 during trading on Monday, reaching $23.28. 4,217,730 shares of the stock were exchanged, compared to its average volume of 4,033,214. The business's 50-day moving average price is $22.65 and its 200 day moving average price is $21.54. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $26.05. 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 company has a market capitalization of $8.45 billion, a price-to-earnings ratio of -136.93 and a beta of 1.28.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.10 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.72%. Pan American Silver's dividend payout ratio is presently -235.28%.

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.