Retirement Planning Co of New England Inc. Sells 1,986 Shares of Pan American Silver Corp. (NYSE:PAAS)

Retirement Planning Co of New England Inc. cut its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 8.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,853 shares of the basic materials company’s stock after selling 1,986 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in Pan American Silver were worth $462,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA bought a new stake in Pan American Silver in the 4th quarter valued at $27,000. Laurel Wealth Advisors LLC bought a new stake in shares of Pan American Silver during the 4th quarter valued at $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pan American Silver during the 3rd quarter valued at $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Pan American Silver during the 4th quarter valued at $32,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Pan American Silver during the 4th quarter valued at $32,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Price Performance

Shares of PAAS stock opened at $26.70 on Tuesday. Pan American Silver Corp. has a twelve month low of $13.52 and a twelve month high of $27.45. The business has a fifty day simple moving average of $23.58 and a 200 day simple moving average of $22.44. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The company has a market cap of $9.67 billion, a P/E ratio of 83.42 and a beta of 1.25.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business had revenue of $815.10 million during the quarter, compared to analysts’ expectations of $805.20 million. On average, sell-side analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.50%. Pan American Silver’s payout ratio is presently 125.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Scotiabank upped their target price on 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. TD Securities downgraded Pan American Silver from a “buy” rating to a “hold” rating and cut their target price for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Finally, StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.92.

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.