Pan American Silver Corp. (NYSE:PAAS) Shares Sold by CoreCommodity Management LLC

CoreCommodity Management LLC lowered its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 64.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,039 shares of the basic materials company's stock after selling 23,452 shares during the quarter. 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 (SEC).

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of Pan American Silver by 6.0% during the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock worth $160,000 after buying an additional 451 shares during the period. US Bancorp DE increased its stake in Pan American Silver by 9.6% during the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock worth $124,000 after buying an additional 539 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Pan American Silver by 23.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 549 shares in the last quarter. Principal Securities Inc. grew its position in Pan American Silver by 12.5% in the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock worth $121,000 after purchasing an additional 664 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in shares of Pan American Silver by 2.4% in the 4th quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock worth $611,000 after acquiring an additional 715 shares during the period. Hedge funds and other institutional investors own 55.43% of the company's stock.

Wall Street Analysts Forecast Growth

PAAS has been the topic of several analyst reports. BMO Capital Markets initiated coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating on the stock. CIBC boosted their target price on shares of Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research report on Thursday. Royal Bank of Canada upped their price objective on 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 downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating and reduced their price target for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Finally, National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $29.67.

Pan American Silver Stock Down 15.7%

Shares of NYSE PAAS traded down $4.27 during mid-day trading on Monday, reaching $22.95. 12,655,920 shares of the company were exchanged, compared to its average volume of 3,739,098. The firm has a 50-day moving average of $25.31 and a 200 day moving average of $23.55. 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 Corp. has a 1 year low of $17.86 and a 1 year high of $28.60. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 71.67 and a beta of 0.75.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.19 by $0.23. The company had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. Pan American Silver's quarterly revenue was up 28.6% compared to the same quarter last year. During the same period last year, the company earned $0.01 earnings per share. On average, research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 20th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 annualized dividend and a yield of 1.74%. Pan American Silver's payout ratio is 45.98%.

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.