Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Ruffer LLP

Ruffer LLP lowered its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,084,516 shares of the basic materials company’s stock after selling 84,275 shares during the quarter. Pan American Silver makes up approximately 0.8% of Ruffer LLP’s portfolio, making the stock its 28th biggest position. Ruffer LLP owned approximately 0.30% of Pan American Silver worth $21,929,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PAAS. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Pan American Silver during the 4th quarter valued at approximately $27,000. Laurel Wealth Advisors LLC acquired a new position in shares of Pan American Silver in the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver in the third quarter valued at $32,000. Decker Retirement Planning Inc. purchased a new stake in Pan American Silver during the 4th quarter worth about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Pan American Silver in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on PAAS. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Royal Bank of Canada boosted their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. TD Securities boosted their price objective on shares of Pan American Silver from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Scotiabank boosted their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.08.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $24.58 on Friday. Pan American Silver Corp. has a one year low of $13.52 and a one year high of $26.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The company has a 50 day moving average price of $23.02 and a 200 day moving average price of $22.25. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 76.80 and a beta of 1.25.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The company had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, March 3rd. Pan American Silver’s payout ratio is currently 125.00%.

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.