Natixis Sells 20,260 Shares of Pan American Silver Corp. (NYSE:PAAS)

Natixis lessened its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 47.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,497 shares of the basic materials company’s stock after selling 20,260 shares during the period. Natixis’ holdings in Pan American Silver were worth $455,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Pan American Silver in the 4th quarter valued at about $91,916,000. Jupiter Asset Management Ltd. bought a new stake in shares of Pan American Silver in the 4th quarter valued at approximately $24,083,000. Renaissance Technologies LLC boosted its holdings in shares of Pan American Silver by 110.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,498,246 shares of the basic materials company’s stock worth $30,295,000 after purchasing an additional 784,906 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Pan American Silver by 135.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,062,315 shares of the basic materials company’s stock valued at $21,463,000 after purchasing an additional 611,545 shares during the last quarter. Finally, FIL Ltd raised its holdings in Pan American Silver by 4.6% during the 4th quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company’s stock valued at $270,848,000 after buying an additional 584,017 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Up 1.3 %

Shares of Pan American Silver stock opened at $26.02 on Friday. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $28.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 81.30 and a beta of 1.06. The firm’s 50-day moving average is $25.16 and its two-hundred day moving average is $23.41.

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

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is currently 125.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. BMO Capital Markets started coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They issued a “market perform” rating on the stock. TD Securities lowered Pan American Silver from a “buy” rating to a “hold” rating and dropped their target price for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Royal Bank of Canada increased their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Pan American Silver presently has a consensus rating of “Hold” and an average price target of $28.50.

Pan American Silver 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.