Pictet Asset Management Holding SA Sells 34,032 Shares of Pan American Silver Corp. (NYSE:PAAS)

Pictet Asset Management Holding SA cut its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 311,953 shares of the basic materials company's stock after selling 34,032 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.09% of Pan American Silver worth $6,308,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Norges Bank purchased a new position in Pan American Silver during the fourth quarter valued at $91,916,000. FMR LLC increased its holdings in shares of Pan American Silver by 1,834.8% in the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company's stock worth $28,084,000 after purchasing an additional 1,275,475 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Pan American Silver in the fourth quarter worth about $24,083,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Pan American Silver by 135.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,062,315 shares of the basic materials company's stock valued at $21,463,000 after buying an additional 611,545 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Pan American Silver during the 4th quarter valued at approximately $6,834,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and lowered their price objective for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Scotiabank boosted their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a report on Tuesday, February 25th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Finally, StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $27.92.

Pan American Silver Trading Down 0.8 %

Pan American Silver stock traded down $0.18 during midday trading on Tuesday, reaching $21.69. The stock had a trading volume of 5,814,701 shares, compared to its average volume of 3,800,130. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 67.79 and a beta of 1.06. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $27.47. The company has a fifty day moving average of $24.70 and a 200 day moving average of $23.00.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The firm had revenue of $815.10 million for the quarter, compared to the consensus estimate of $805.20 million. On average, analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's dividend payout ratio is currently 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.