Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd trimmed its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 2.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,023,415 shares of the basic materials company's stock after selling 54,669 shares during the period. Ninety One UK Ltd owned about 0.56% of Pan American Silver worth $52,265,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PAAS. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Pan American Silver during the 4th quarter worth approximately $32,000. Farther Finance Advisors LLC grew its holdings in shares of Pan American Silver by 164.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock worth $39,000 after acquiring an additional 1,209 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Pan American Silver in the 4th quarter worth approximately $43,000. Jones Financial Companies Lllp grew its holdings 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 worth $58,000 after acquiring an additional 549 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Pan American Silver in the 4th quarter worth approximately $118,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

NYSE:PAAS traded up $0.99 during trading hours on Friday, reaching $30.33. 7,831,073 shares of the company traded hands, compared to its average volume of 3,983,412. The firm's 50-day moving average is $26.79 and its 200-day moving average is $24.95. The stock has a market cap of $10.98 billion, a P/E ratio of 34.86, a P/E/G ratio of 0.51 and a beta of 0.67. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.93 and a quick ratio of 1.94. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $30.48.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.23. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The business had revenue of $773.20 million for the quarter, compared to analysts' expectations of $696.62 million. During the same quarter last year, the firm earned $0.01 earnings per share. The business's revenue was up 28.6% on a year-over-year basis. Equities research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is 45.98%.

Wall Street Analysts Forecast Growth

PAAS has been the topic of a number of research reports. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. National Bankshares restated 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 upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Finally, TD Securities lowered their price target on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.60.

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.