Beacon Pointe Advisors LLC Sells 10,561 Shares of Pan American Silver Corp. (NYSE:PAAS)

Beacon Pointe Advisors LLC cut its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,133 shares of the basic materials company's stock after selling 10,561 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Pan American Silver were worth $2,995,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Comprehensive Financial Planning Inc. PA acquired a new stake in Pan American Silver during the 4th quarter valued at $27,000. Laurel Wealth Advisors LLC acquired a new stake in Pan American Silver during the 4th quarter worth about $30,000. Wilmington Savings Fund Society FSB purchased a new position in Pan American Silver during the 3rd quarter valued at about $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Pan American Silver in the 4th quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Pan American Silver in the fourth quarter worth approximately $32,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

Shares of NYSE:PAAS traded down $0.50 during trading on Friday, reaching $23.53. The stock had a trading volume of 4,633,092 shares, compared to its average volume of 3,709,425. Pan American Silver Corp. has a 52 week low of $17.86 and a 52 week high of $28.60. The stock has a fifty day simple moving average of $25.19 and a two-hundred day simple moving average of $23.54. 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 firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 73.53 and a beta of 0.75.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. The company had revenue of $815.10 million during the quarter, compared to analysts' expectations of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. As a group, analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal 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 given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's dividend payout ratio is currently 125.00%.

Analyst Upgrades and Downgrades

PAAS has been the topic of several research reports. Royal Bank of Canada upped their price objective 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. TD Securities lowered Pan American Silver from a "buy" rating to a "hold" rating and cut their price objective for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. StockNews.com downgraded Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. BMO Capital Markets began coverage on Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating for the company. Finally, Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $28.50.

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.