Achmea Investment Management B.V. Sells 16,545 Shares of Pan American Silver Corp. (NYSE:PAAS)

Achmea Investment Management B.V. reduced its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,361 shares of the basic materials company’s stock after selling 16,545 shares during the quarter. Achmea Investment Management B.V.’s holdings in Pan American Silver were worth $3,182,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Pan American Silver during the fourth quarter valued at about $43,000. Barclays PLC boosted its holdings in shares of Pan American Silver by 156.4% during the third 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 period. Triasima Portfolio Management inc. purchased a new stake in shares of Pan American Silver during the fourth quarter worth about $2,911,000. Ingalls & Snyder LLC boosted its holdings in shares of Pan American Silver by 5.4% during the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock worth $34,920,000 after purchasing an additional 89,011 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Pan American Silver by 73.2% during the third quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company’s stock worth $1,869,000 after purchasing an additional 37,804 shares during the period. 55.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PAAS shares. Royal Bank of Canada increased their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. TD Securities lowered shares of Pan American Silver from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $27.00 in a report on Tuesday. Scotiabank increased their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Tuesday, February 25th. Finally, StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Pan American Silver has an average rating of “Hold” and an average price target of $27.92.

Pan American Silver Stock Performance

Shares of PAAS opened at $25.77 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. Pan American Silver Corp. has a one year low of $13.52 and a one year high of $26.13. The company has a 50-day simple moving average of $23.46 and a two-hundred day simple moving average of $22.37. The firm has a market capitalization of $9.33 billion, a PE ratio of 80.52 and a beta of 1.25.

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

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 1.55%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s dividend payout ratio is 125.00%.

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.