Edmond DE Rothschild Holding S.A. Sells 9,935 Shares of Pan American Silver Corp. (NYSE:PAAS)

Edmond DE Rothschild Holding S.A. cut its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,458 shares of the basic materials company’s stock after selling 9,935 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Pan American Silver were worth $1,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of Pan American Silver by 191.0% during the fourth quarter. Wellington Management Group LLP now owns 167,847 shares of the basic materials company’s stock worth $3,394,000 after buying an additional 110,170 shares during the last quarter. Schroder Investment Management Group boosted its holdings in shares of Pan American Silver by 12.7% during the 4th quarter. Schroder Investment Management Group now owns 834,933 shares of the basic materials company’s stock valued at $16,649,000 after acquiring an additional 94,308 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Pan American Silver in the 4th quarter worth about $1,233,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new position in Pan American Silver in the fourth quarter valued at about $3,032,000. Finally, Norges Bank acquired a new stake in shares of Pan American Silver during the fourth quarter valued at about $91,916,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on PAAS. TD Securities downgraded Pan American Silver from a “buy” rating to a “hold” rating and lowered their price objective for the company from $28.00 to $27.00 in a research note on Tuesday, March 11th. Royal Bank of Canada raised their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Scotiabank boosted their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Pan American Silver presently has a consensus rating of “Hold” and an average target price of $27.92.

Pan American Silver Trading Down 0.4 %

PAAS opened at $25.83 on Tuesday. Pan American Silver Corp. has a twelve month low of $15.10 and a twelve month high of $27.47. The company has a fifty day moving average of $24.53 and a 200-day moving average of $22.91. The stock has a market cap of $9.35 billion, a PE ratio of 80.72 and a beta of 1.25. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

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

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is presently 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.