Pan American Silver Corp. (NYSE:PAAS) Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 174,400 shares of the basic materials company’s stock after purchasing an additional 900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Pan American Silver were worth $2,861,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAAS. Prelude Capital Management LLC grew its stake in Pan American Silver by 1.6% during the first quarter. Prelude Capital Management LLC now owns 32,602 shares of the basic materials company’s stock worth $890,000 after buying an additional 524 shares during the period. Northern Trust Corp grew its stake in Pan American Silver by 5.5% during the first quarter. Northern Trust Corp now owns 11,998 shares of the basic materials company’s stock worth $328,000 after buying an additional 623 shares during the period. PYA Waltman Capital LLC grew its stake in Pan American Silver by 4.9% during the second quarter. PYA Waltman Capital LLC now owns 15,249 shares of the basic materials company’s stock worth $241,000 after buying an additional 716 shares during the period. Optiver Holding B.V. boosted its stake in shares of Pan American Silver by 90.8% in the third quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 812 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Pan American Silver by 4.3% in the second quarter. Sei Investments Co. now owns 19,916 shares of the basic materials company’s stock valued at $290,000 after purchasing an additional 815 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Trading Down 1.6 %

NYSE:PAAS opened at $18.79 on Wednesday. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $20.60. The company has a 50-day moving average of $14.54 and a 200-day moving average of $14.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 2.23.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. The firm had revenue of $669.60 million during the quarter, compared to analyst estimates of $657.65 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share. Equities analysts expect that Pan American Silver Corp. will post 0.44 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, March 1st. Pan American Silver’s dividend payout ratio (DPR) is -133.33%.

Wall Street Analyst Weigh In

PAAS has been the topic of a number of research analyst reports. Scotiabank increased their price objective on shares of Pan American Silver from $19.50 to $20.00 and gave the company a “sector outperform” rating in a research note on Monday, April 8th. Jefferies Financial Group initiated coverage on shares of Pan American Silver in a research note on Thursday, February 29th. They set a “hold” rating and a $14.00 price objective on the stock. CIBC reduced their price objective on shares of Pan American Silver from $28.00 to $27.50 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. TD Securities reduced their price objective on shares of Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Finally, BMO Capital Markets reduced their price objective on shares of Pan American Silver from $27.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

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.