Great West Life Assurance Co. Can decreased its stake in shares of Pan American Silver Corp. (NASDAQ:PAAS – Get Rating) (TSE:PAAS) by 10.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,950 shares of the basic materials company's stock after selling 4,798 shares during the quarter. Great West Life Assurance Co. Can's holdings in Pan American Silver were worth $636,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors increased its holdings in shares of Pan American Silver by 1,220.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,320 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 1,220 shares during the last quarter. Forsta AP Fonden purchased a new position in shares of Pan American Silver in the 2nd quarter valued at about $41,000. Sentry Investment Management LLC purchased a new position in shares of Pan American Silver in the 3rd quarter valued at about $37,000. FMR LLC increased its holdings in shares of Pan American Silver by 123.1% in the 2nd quarter. FMR LLC now owns 2,441 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 1,347 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of Pan American Silver by 218.0% in the 2nd quarter. US Bancorp DE now owns 2,477 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 1,698 shares during the last quarter. Hedge funds and other institutional investors own 44.11% of the company's stock.
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Pan American Silver Stock Down 1.5 %
Pan American Silver stock opened at $18.47 on Friday. Pan American Silver Corp. has a twelve month low of $13.40 and a twelve month high of $30.56. The stock has a 50 day moving average of $17.34 and a two-hundred day moving average of $16.82. The company has a current ratio of 2.12, a quick ratio of 0.96 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of -24.63 and a beta of 1.14.
Pan American Silver (NASDAQ:PAAS – Get Rating) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, November 9th. The basic materials company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.05. Pan American Silver had a positive return on equity of 2.47% and a negative net
margin of 10.01%. The company had revenue of $338.89 million during the quarter, compared to analysts' expectations of $351.58 million. As a group, research analysts expect that Pan American Silver Corp. will post 0.11 earnings per share for the current year.
Pan American Silver Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Monday, November 21st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 2.17%. Pan American Silver's payout ratio is -53.33%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on PAAS. StockNews.com upgraded Pan American Silver from a "sell" rating to a "hold" rating in a report on Tuesday. TD Securities decreased their target price on Pan American Silver from $22.00 to $20.00 and set a "buy" rating for the company in a research report on Friday, November 11th. National Bank Financial decreased their target price on Pan American Silver from C$33.00 to C$31.50 in a research report on Thursday, October 13th. Finally, Royal Bank of Canada raised Pan American Silver from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $19.00 to $22.00 in a research report on Wednesday, January 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Pan American Silver currently has an average rating of "Moderate Buy" and an average target price of $26.70.
Pan American Silver Company Profile
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Pan American Silver Corp. engages in the exploration, development, extraction, processing, refining, and reclamation of mineral properties. The firm operates through the following segments: Silver, Gold, and Other. The company was founded by Ross J. Beaty and John J. Wright on March 17, 1979 and is headquartered in Vancouver, Canada.
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