DekaBank Deutsche Girozentrale Sells 100,444 Shares of Pan American Silver Corp. (NYSE:PAAS)

DekaBank Deutsche Girozentrale lessened its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 46.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 115,192 shares of the basic materials company's stock after selling 100,444 shares during the period. DekaBank Deutsche Girozentrale's holdings in Pan American Silver were worth $3,024,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Signaturefd LLC boosted its stake in Pan American Silver by 6.0% in the 4th quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock worth $160,000 after purchasing an additional 451 shares during the period. US Bancorp DE boosted its position 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 acquiring an additional 539 shares during the last quarter. Jones Financial Companies Lllp grew its stake in 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 valued at $58,000 after acquiring an additional 549 shares in the last quarter. Evergreen Capital Management LLC increased its holdings 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 acquiring an additional 715 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Pan American Silver by 39.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock valued at $70,000 after acquiring an additional 775 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. TD Securities decreased 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. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. CIBC reissued an "outperform" rating on shares of Pan American Silver in a research report on Tuesday. BMO Capital Markets started coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating for the company. Finally, Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $31.40.

Pan American Silver Trading Down 2.5%

NYSE:PAAS traded down $0.75 during midday trading on Wednesday, hitting $28.94. The stock had a trading volume of 6,415,528 shares, compared to its average volume of 4,520,111. Pan American Silver Corp. has a one year low of $17.86 and a one year high of $31.03. The company has a quick ratio of 1.94, a current ratio of 2.93 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $27.00 and a 200 day moving average of $25.11. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 0.52 and a beta of 0.67.

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, topping analysts' consensus estimates 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 10.45% and a return on equity of 9.25%. The firm's revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. As a group, sell-side analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.38%. Pan American Silver's dividend payout ratio is presently 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.