Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its holdings 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 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,319,185 shares of the basic materials company's stock after selling 1,883,195 shares during the quarter. Mackenzie Financial Corp owned approximately 0.36% of Pan American Silver worth $26,659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Signaturefd LLC raised its position in 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 acquiring an additional 451 shares during the period. US Bancorp DE increased its stake in shares of Pan American Silver by 9.6% during the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock worth $124,000 after purchasing an additional 539 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Pan American Silver by 23.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock worth $58,000 after purchasing an additional 549 shares in the last quarter. Principal Securities Inc. raised its position in shares of Pan American Silver by 12.5% during 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 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 valued at $611,000 after buying an additional 715 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.

Wall Street Analyst Weigh In

PAAS has been the subject of a number of research analyst reports. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. BMO Capital Markets initiated coverage on Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating on the stock. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Royal Bank of Canada increased their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Finally, CIBC boosted their price target on shares of Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.60.

Pan American Silver Trading Down 0.4%

NYSE:PAAS traded down $0.10 during trading hours on Friday, hitting $24.11. The company had a trading volume of 1,386,542 shares, compared to its average volume of 3,757,747. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $28.60. The company has a market cap of $8.73 billion, a P/E ratio of 75.30 and a beta of 0.75. The company has a 50-day moving average of $24.78 and a 200 day moving average of $23.57. 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 (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. Pan American Silver's quarterly revenue was up 28.6% on a year-over-year basis. Sell-side analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.66%. Pan American Silver's dividend payout ratio is currently 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.