Nuveen Asset Management LLC Sells 250,119 Shares of Pan American Silver Corp. (NYSE:PAAS)

Nuveen Asset Management LLC reduced its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 14.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,535,688 shares of the basic materials company's stock after selling 250,119 shares during the quarter. Nuveen Asset Management LLC owned about 0.42% of Pan American Silver worth $31,051,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PAAS. Comprehensive Financial Planning Inc. PA purchased a new position in Pan American Silver during the fourth quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Pan American Silver during the fourth quarter worth about $32,000. Farther Finance Advisors LLC raised its stake in Pan American Silver by 164.3% in the fourth 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 in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Pan American Silver in the fourth quarter valued at approximately $43,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Pan American Silver in the fourth quarter valued at approximately $53,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Price Performance

Shares of PAAS stock traded down $0.03 during trading hours on Tuesday, hitting $24.11. 5,191,550 shares of the company's stock were exchanged, compared to its average volume of 3,776,387. The company has a market capitalization of $8.73 billion, a PE ratio of 75.35 and a beta of 0.75. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $28.60. The business's 50 day simple moving average is $24.85 and its 200-day simple moving average is $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 (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.19 by $0.23. The firm had revenue of $773.20 million for the quarter, compared to the consensus estimate of $696.62 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The business's revenue was up 28.6% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. On average, equities research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Tuesday, May 20th. Pan American Silver's dividend payout ratio is 45.98%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. BMO Capital Markets assumed coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating on the stock. TD Securities lowered 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 note on Thursday, May 22nd. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Finally, CIBC raised 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 note on Thursday, May 8th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.60.

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.