Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Slate Path Capital LP

Slate Path Capital LP lowered its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 12.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,717,000 shares of the basic materials company's stock after selling 676,000 shares during the period. Pan American Silver comprises about 1.7% of Slate Path Capital LP's portfolio, making the stock its 25th biggest holding. Slate Path Capital LP owned about 1.30% of Pan American Silver worth $95,378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hsbc Holdings PLC grew its position in Pan American Silver by 661.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company's stock valued at $26,300,000 after purchasing an additional 1,135,839 shares during the period. J. Safra Sarasin Holding AG purchased a new position in shares of Pan American Silver during the fourth quarter worth approximately $288,000. Stifel Financial Corp boosted its position in Pan American Silver by 13.8% during the fourth quarter. Stifel Financial Corp now owns 160,188 shares of the basic materials company's stock valued at $3,239,000 after buying an additional 19,425 shares during the period. First Trust Advisors LP grew its position in Pan American Silver by 226.1% during the 4th quarter. First Trust Advisors LP now owns 56,407 shares of the basic materials company's stock worth $1,141,000 after acquiring an additional 39,111 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of Pan American Silver by 6.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 410,542 shares of the basic materials company's stock worth $8,294,000 after buying an additional 24,493 shares during the period. 55.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Royal Bank of Canada increased their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. BMO Capital Markets began coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating on the stock. Finally, National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $28.50.

Pan American Silver Price Performance

Shares of PAAS stock traded down $0.54 during mid-day trading on Friday, hitting $25.47. 3,101,266 shares of the stock were exchanged, compared to its average volume of 3,711,143. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $28.60. The company has a market cap of $9.22 billion, a PE ratio of 79.60 and a beta of 1.06. 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 fifty day moving average of $25.18 and a 200 day moving average of $23.44.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted 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 net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $815.10 million for the quarter, compared to the consensus estimate of $805.20 million. Research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Monday, March 3rd. Pan American Silver's payout ratio is 125.00%.

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.