Pan American Silver Corp. (NASDAQ:PAAS) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. reduced its position in shares of Pan American Silver Corp. (NASDAQ:PAASGet Rating) (TSE:PAAS) by 14.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,700 shares of the basic materials company’s stock after selling 3,400 shares during the period. Shell Asset Management Co.’s holdings in Pan American Silver were worth $538,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Evoke Wealth LLC boosted its stake in shares of Pan American Silver by 90.4% during the 4th quarter. Evoke Wealth LLC now owns 990 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 470 shares during the last quarter. Destiny Wealth Partners LLC purchased a new position in shares of Pan American Silver during the 1st quarter worth about $41,000. UMB Bank N A MO purchased a new stake in Pan American Silver in the fourth quarter valued at approximately $42,000. Byrne Asset Management LLC purchased a new stake in Pan American Silver in the first quarter valued at approximately $55,000. Finally, North Star Investment Management Corp. grew its holdings in Pan American Silver by 740.0% in the first quarter. North Star Investment Management Corp. now owns 4,200 shares of the basic materials company’s stock valued at $115,000 after purchasing an additional 3,700 shares during the period. 44.25% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Down 1.0 %

Shares of PAAS stock opened at $20.06 on Wednesday. The firm’s 50 day moving average price is $20.58 and its two-hundred day moving average price is $23.53. Pan American Silver Corp. has a fifty-two week low of $17.26 and a fifty-two week high of $30.56. The company has a quick ratio of 1.41, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 3.80 and a beta of 1.22.

Pan American Silver (NASDAQ:PAASGet Rating) (TSE:PAAS) last posted its earnings results on Wednesday, May 11th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.07). Pan American Silver had a return on equity of 5.90% and a net margin of 10.70%. The firm had revenue of $439.89 million for the quarter, compared to analyst estimates of $419.35 million. During the same period in the previous year, the firm posted $0.18 earnings per share. On average, analysts anticipate that Pan American Silver Corp. will post 0.64 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Stockholders of record on Tuesday, May 24th were given a dividend of $0.12 per share. This is a boost from Pan American Silver’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Monday, May 23rd. Pan American Silver’s payout ratio is presently 55.81%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PAAS shares. National Bank Financial lowered their target price on shares of Pan American Silver from C$44.75 to C$39.00 in a report on Thursday, July 21st. Canaccord Genuity Group upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Thursday, May 12th. TD Securities lowered their target price on shares of Pan American Silver from $36.00 to $30.00 and set a “buy” rating for the company in a report on Friday, May 13th. Pi Financial restated a “buy” rating on shares of Pan American Silver in a report on Saturday. Finally, Canaccord Genuity Group raised shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Thursday, May 12th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Pan American Silver currently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

About Pan American Silver

(Get Rating)

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines.

Read More

Want to see what other hedge funds are holding PAAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pan American Silver Corp. (NASDAQ:PAASGet Rating) (TSE:PAAS).

Institutional Ownership by Quarter for Pan American Silver (NASDAQ:PAAS)

Receive News & Ratings for Pan American Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver and related companies with MarketBeat.com's FREE daily email newsletter.