Ninety One UK Ltd Cuts Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Ninety One UK Ltd lowered its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,023,415 shares of the basic materials company's stock after selling 54,669 shares during the quarter. 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.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Pan American Silver by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company's stock valued at $283,385,000 after acquiring an additional 221,561 shares during the period. FIL Ltd increased its stake in Pan American Silver by 4.6% in the 4th quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company's stock worth $270,848,000 after buying an additional 584,017 shares during the period. Norges Bank purchased a new position in Pan American Silver in the 4th quarter worth about $91,916,000. Ameriprise Financial Inc. increased its stake in Pan American Silver by 18.3% in the 4th quarter. Ameriprise Financial Inc. now owns 3,146,182 shares of the basic materials company's stock worth $63,658,000 after buying an additional 486,622 shares during the period. Finally, Geode Capital Management LLC increased its stake in Pan American Silver by 32.2% in the 4th quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company's stock worth $40,776,000 after buying an additional 494,133 shares during the period. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Performance

NYSE PAAS traded down $0.77 on Tuesday, hitting $28.59. 8,484,507 shares of the company's stock traded hands, compared to its average volume of 3,970,948. The company has a current ratio of 2.93, a quick ratio of 1.94 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 $29.66. The firm's 50-day moving average price is $26.40 and its two-hundred day moving average price is $24.77. The firm has a market capitalization of $10.35 billion, a PE ratio of 32.86, a P/E/G ratio of 0.52 and a beta of 0.67.

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 EPS for the quarter, beating the consensus estimate of $0.19 by $0.23. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The business had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. During the same period in the previous year, the business posted $0.01 EPS. The business's quarterly revenue was up 28.6% compared to the same quarter last year. As a group, analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's payout ratio is 45.98%.

Wall Street Analysts Forecast Growth

PAAS has been the topic of several recent research reports. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. TD Securities dropped 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 report on Thursday, May 22nd. BMO Capital Markets initiated coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating on the stock. CIBC increased their target price on shares of Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a report on Thursday, May 8th. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Pan American Silver has a consensus rating of "Moderate Buy" and a consensus price target 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.