CoreCommodity Management LLC Has $264,000 Stake in Pan American Silver Corp. (NYSE:PAAS)

CoreCommodity Management LLC cut its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 64.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,039 shares of the basic materials company's stock after selling 23,452 shares during the period. CoreCommodity Management LLC's holdings in Pan American Silver were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in shares of Pan American Silver by 17.0% during the 4th quarter. BNP Paribas Financial Markets now owns 55,488 shares of the basic materials company's stock worth $1,122,000 after buying an additional 8,081 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Pan American Silver by 18.3% during the fourth quarter. Ameriprise Financial Inc. now owns 3,146,182 shares of the basic materials company's stock valued at $63,658,000 after purchasing an additional 486,622 shares during the last quarter. Parvin Asset Management LLC bought a new position in Pan American Silver in the fourth quarter valued at approximately $705,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Pan American Silver during the 4th quarter worth approximately $222,000. Finally, Northern Trust Corp raised its stake in shares of Pan American Silver by 210.1% during the 4th quarter. Northern Trust Corp now owns 83,871 shares of the basic materials company's stock worth $1,696,000 after purchasing an additional 56,826 shares in the last quarter. Institutional investors own 55.43% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank of Canada upped their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. BMO Capital Markets started coverage on Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating for the company. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Finally, TD Securities downgraded Pan American Silver from a "buy" rating to a "hold" rating and reduced their target price for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $28.50.

Pan American Silver Stock Performance

Shares of NYSE PAAS opened at $25.06 on Wednesday. Pan American Silver Corp. has a one year low of $17.86 and a one year high of $28.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 78.32 and a beta of 0.75. The stock's fifty day moving average price is $25.19 and its two-hundred day moving average price is $23.56.

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 EPS for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $805.20 million. On average, equities analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's dividend payout ratio is currently 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.

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