Pan American Silver Corp. (NYSE:PAAS) Holdings Decreased by Sciencast Management LP

Sciencast Management LP decreased its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 42.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,798 shares of the basic materials company’s stock after selling 29,906 shares during the quarter. Sciencast Management LP’s holdings in Pan American Silver were worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PAAS. Comprehensive Financial Planning Inc. PA purchased a new position in Pan American Silver in the fourth quarter valued at about $27,000. Laurel Wealth Advisors LLC purchased a new position in Pan American Silver in the fourth quarter valued at about $30,000. Wilmington Savings Fund Society FSB purchased a new position in Pan American Silver in the third quarter valued at about $32,000. Decker Retirement Planning Inc. purchased a new position in Pan American Silver in the fourth quarter valued at about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Pan American Silver in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

NYSE PAAS opened at $25.73 on Friday. Pan American Silver Corp. has a twelve month low of $13.91 and a twelve month high of $27.47. 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 stock has a market capitalization of $9.32 billion, a PE ratio of 80.42 and a beta of 1.25. The stock has a 50-day simple moving average of $23.97 and a 200 day simple moving average of $22.60.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting the consensus estimate 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. Research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently declared 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 of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.55%. Pan American Silver’s dividend payout ratio (DPR) is 125.00%.

Analyst Ratings Changes

PAAS has been the topic of a number of recent research reports. Scotiabank boosted their target price on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Tuesday, February 25th. TD Securities downgraded Pan American Silver from a “buy” rating to a “hold” rating and lowered their target price for the company from $28.00 to $27.00 in a research note on Tuesday, March 11th. Royal Bank of Canada upped their price target 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 downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.92.

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.