Ninety One UK Ltd Has $49.18 Million Position in Pan American Silver Corp. (NYSE:PAAS)

Ninety One UK Ltd lowered its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.2% in the fourth quarter, Holdings Channel reports. The firm owned 3,011,901 shares of the basic materials company’s stock after selling 37,322 shares during the period. Ninety One UK Ltd’s holdings in Pan American Silver were worth $49,184,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Optiver Holding B.V. lifted its stake in 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 buying an additional 812 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Pan American Silver by 1,220.0% during the second quarter. Captrust Financial Advisors now owns 1,320 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 1,220 shares during the last quarter. Harbour Investments Inc. acquired a new position in Pan American Silver during the second quarter worth $31,000. Chilton Capital Management LLC acquired a new position in Pan American Silver during the first quarter worth $34,000. Finally, Ronald Blue Trust Inc. boosted its holdings in Pan American Silver by 1,474.8% during the third quarter. Ronald Blue Trust Inc. now owns 2,504 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 2,345 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PAAS shares. BMO Capital Markets reduced their target price on shares of Pan American Silver from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. TD Securities reduced their target price on shares of Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a report on Friday, February 23rd. StockNews.com cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a report on Monday, January 15th. Jefferies Financial Group began coverage on shares of Pan American Silver in a report on Thursday, February 29th. They set a “hold” rating and a $14.00 target price for the company. Finally, CIBC cut their price target on shares of Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

Pan American Silver Stock Up 0.8 %

Shares of PAAS opened at $19.06 on Friday. The company’s 50-day moving average is $14.77 and its 200-day moving average is $14.78. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $20.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.12). The company had revenue of $669.60 million during the quarter, compared to the consensus estimate of $657.65 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. During the same period in the previous year, the company earned ($0.02) earnings per share. As a group, equities research analysts anticipate that Pan American Silver Corp. will post 0.47 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, March 1st. Pan American Silver’s payout ratio is presently -133.33%.

About Pan American Silver

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.