Pan American Silver Corp. (NYSE:PAAS) Holdings Trimmed by Sprott Inc.

Sprott Inc. decreased its position in Pan American Silver Corp. (NYSE:PAASFree Report) (TSE:PAAS) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,914,743 shares of the basic materials company’s stock after selling 22,807 shares during the period. Pan American Silver accounts for 3.5% of Sprott Inc.’s investment portfolio, making the stock its 6th biggest holding. Sprott Inc. owned 0.80% of Pan American Silver worth $58,937,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA bought a new position in Pan American Silver during the fourth quarter valued at about $27,000. Laurel Wealth Advisors LLC purchased a new position in Pan American Silver in the fourth quarter valued at about $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Pan American Silver during the 3rd quarter valued at approximately $32,000. Decker Retirement Planning Inc. purchased a new stake in shares of Pan American Silver during the 4th quarter worth approximately $32,000. Finally, Mark Sheptoff Financial Planning LLC raised its holdings in shares of Pan American Silver by 102.5% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company’s stock worth $70,000 after purchasing an additional 1,700 shares during the period. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $24.40 on Wednesday. The stock has a fifty day moving average of $22.45 and a 200-day moving average of $22.04. The stock has a market cap of $8.84 billion, a PE ratio of 76.26 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. Pan American Silver Corp. has a fifty-two week low of $12.19 and a fifty-two week high of $26.05.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The firm had revenue of $815.10 million for the quarter, compared to analysts’ expectations of $805.20 million. Equities 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 company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Monday, March 3rd. Pan American Silver’s payout ratio is 125.00%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Scotiabank increased their price objective on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a report on Tuesday. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Finally, Royal Bank of Canada upped their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.10.

Check Out Our Latest Stock Analysis on PAAS

Pan American Silver Company Profile

(Free Report)

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.

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

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