MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 452,722 Shares of Pan American Silver Corp. (NYSE:PAAS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,069,382 shares of the basic materials company's stock after selling 452,722 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 2.22% of Pan American Silver worth $163,163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Janus Henderson Group PLC boosted its stake in shares of Pan American Silver by 2.5% during the 4th quarter. Janus Henderson Group PLC now owns 91,688 shares of the basic materials company's stock worth $1,861,000 after acquiring an additional 2,246 shares in the last quarter. Graham Capital Management L.P. bought a new stake in Pan American Silver during the fourth quarter valued at about $1,199,000. BNP Paribas Financial Markets boosted its holdings in Pan American Silver by 17.0% during the fourth quarter. BNP Paribas Financial Markets now owns 55,488 shares of the basic materials company's stock valued at $1,122,000 after acquiring an additional 8,081 shares during the period. Ameriprise Financial Inc. boosted its holdings in Pan American Silver by 18.3% during the fourth quarter. Ameriprise Financial Inc. now owns 3,146,182 shares of the basic materials company's stock valued at $63,658,000 after acquiring an additional 486,622 shares during the period. Finally, Parvin Asset Management LLC bought a new position in Pan American Silver in the 4th quarter worth approximately $705,000. Institutional investors own 55.43% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Royal Bank of Canada increased their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. StockNews.com downgraded Pan American Silver from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Finally, CIBC lifted their target price on Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $29.67.

Pan American Silver Trading Up 6.5%

Shares of PAAS opened at $27.20 on Monday. The stock has a market cap of $9.85 billion, a PE ratio of 85.00 and a beta of 0.75. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $25.31 and a 200-day simple moving average of $23.55. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $28.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.23. The business had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm's revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter last year, the company posted $0.01 EPS. On average, sell-side analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm 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 1.47%. The ex-dividend date is Tuesday, May 20th. Pan American Silver's payout ratio is currently 125.00%.

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.

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