Mackenzie Financial Corp Sells 1,883,195 Shares of Pan American Silver Corp. (NYSE:PAAS)

Mackenzie Financial Corp reduced its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 58.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,319,185 shares of the basic materials company's stock after selling 1,883,195 shares during the period. Mackenzie Financial Corp owned approximately 0.36% of Pan American Silver worth $26,659,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAAS. Comprehensive Financial Planning Inc. PA acquired a new stake in Pan American Silver in the fourth quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Pan American Silver in the 4th quarter valued at approximately $32,000. Farther Finance Advisors LLC grew its holdings in shares of Pan American Silver by 164.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 1,209 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Pan American Silver during the 4th quarter worth approximately $43,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Pan American Silver during the 4th quarter worth approximately $53,000. 55.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PAAS has been the subject of a number of research reports. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. TD Securities cut their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. BMO Capital Markets assumed coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They issued a "market perform" rating for the company. Finally, CIBC raised their price target on shares of Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $30.60.

Pan American Silver Trading Up 1.1%

NYSE PAAS traded up $0.26 during trading hours on Wednesday, hitting $24.36. 3,678,004 shares of the company's stock were exchanged, compared to its average volume of 3,767,145. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of 76.13 and a beta of 0.75. The stock has a 50-day simple moving average of $24.85 and a 200 day simple moving average of $23.55. The company has a current ratio of 2.50, a quick ratio of 0.96 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.

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

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.64%. Pan American Silver's dividend payout ratio is currently 45.98%.

Pan American Silver 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.