Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Driehaus Capital Management LLC

Driehaus Capital Management LLC cut its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 42.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,214,061 shares of the basic materials company’s stock after selling 913,177 shares during the period. Driehaus Capital Management LLC owned 0.33% of Pan American Silver worth $24,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its stake in Pan American Silver by 156.4% during the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock worth $1,282,000 after purchasing an additional 37,480 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Pan American Silver in the third quarter worth about $32,000. Laurel Wealth Advisors LLC purchased a new position in shares of Pan American Silver in the fourth quarter worth about $30,000. Builder Investment Group Inc. ADV grew its holdings in shares of Pan American Silver by 0.7% in the fourth quarter. Builder Investment Group Inc. ADV now owns 259,074 shares of the basic materials company’s stock valued at $5,238,000 after purchasing an additional 1,700 shares during the period. Finally, Decker Retirement Planning Inc. acquired a new stake in Pan American Silver during the fourth quarter worth about $32,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. TD Securities lowered shares of Pan American Silver from a “buy” rating to a “hold” rating and decreased their target price for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Wednesday, April 2nd. Royal Bank of Canada raised 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. National Bankshares restated an “outperform” rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Finally, Scotiabank reiterated a “sector perform” rating on shares of Pan American Silver in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $29.67.

Pan American Silver Stock Performance

NYSE PAAS opened at $25.55 on Friday. 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 company has a market cap of $9.25 billion, a P/E ratio of 79.84 and a beta of 0.75. The stock has a 50-day moving average of $25.24 and a two-hundred day moving average of $23.57. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $28.60.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.23. The firm had revenue of $773.20 million during the quarter, compared to analysts’ expectations of $696.62 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 earnings per share. As a group, analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Tuesday, May 20th. Pan American Silver’s payout ratio is currently 125.00%.

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.