Pan American Silver Corp. (NYSE:PAAS) Holdings Cut by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 13.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,586,532 shares of the basic materials company's stock after selling 242,520 shares during the quarter. The Manufacturers Life Insurance Company owned 0.44% of Pan American Silver worth $33,151,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in Pan American Silver by 121.6% during the 1st quarter. Janus Henderson Group PLC now owns 45,279 shares of the basic materials company's stock worth $682,000 after acquiring an additional 24,847 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Pan American Silver in the first quarter valued at $479,000. Cetera Investment Advisers acquired a new stake in Pan American Silver during the 1st quarter valued at $1,565,000. CWM LLC increased its stake in Pan American Silver by 31.6% during the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company's stock worth $42,000 after buying an additional 510 shares during the period. Finally, Raymond James & Associates lifted its holdings in Pan American Silver by 2.2% in the 2nd quarter. Raymond James & Associates now owns 225,757 shares of the basic materials company's stock worth $4,488,000 after buying an additional 4,811 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Up 1.2 %

Pan American Silver stock traded up $0.25 during midday trading on Friday, hitting $21.97. The stock had a trading volume of 1,566,912 shares, compared to its average volume of 4,059,122. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average price of $22.55 and a 200 day moving average price of $21.49. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $26.05. The stock has a market cap of $7.98 billion, a P/E ratio of -129.24 and a beta of 1.33.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.82%. The ex-dividend date was Monday, November 18th. Pan American Silver's dividend payout ratio (DPR) is presently -235.29%.

Analyst Ratings Changes

PAAS has been the subject of several recent analyst reports. Jefferies Financial Group raised their target price on Pan American Silver from $21.00 to $23.00 and gave the company a "hold" rating in a research note on Friday, October 4th. StockNews.com upgraded Pan American Silver from a "hold" rating to a "buy" rating in a report on Monday, November 25th. Finally, Royal Bank of Canada increased their target price on Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Pan American Silver currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.42.

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.