Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,004,251 shares of the basic materials company's stock after selling 161,927 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 2.19% of Pan American Silver worth $130,709,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PAAS. Optiver Holding B.V. boosted its stake in Pan American Silver by 90.8% during the 3rd quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company's stock worth $25,000 after acquiring an additional 812 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Pan American Silver by 1,220.0% during the second quarter. Captrust Financial Advisors now owns 1,320 shares of the basic materials company's stock worth $26,000 after acquiring an additional 1,220 shares in the last quarter. Harbour Investments Inc. acquired a new stake in shares of Pan American Silver during the second quarter worth $31,000. FNY Investment Advisers LLC lifted its position in Pan American Silver by 104.4% in the 3rd quarter. FNY Investment Advisers LLC now owns 2,300 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 1,175 shares in the last quarter. Finally, Chilton Capital Management LLC acquired a new position in Pan American Silver in the 1st quarter worth $34,000. Institutional investors own 55.43% of the company's stock.

Pan American Silver Price Performance

Shares of NYSE:PAAS traded up $0.84 during trading on Friday, hitting $17.53. 7,890,362 shares of the company were exchanged, compared to its average volume of 4,160,761. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $19.84. The company has a market capitalization of $6.39 billion, a P/E ratio of -58.43, a price-to-earnings-growth ratio of 1.14 and a beta of 1.44. The company has a quick ratio of 1.09, a current ratio of 2.23 and a debt-to-equity ratio of 0.16. The business's 50 day moving average is $13.78 and its 200-day moving average is $14.51.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). The firm had revenue of $669.60 million during the quarter, compared to the consensus estimate of $657.65 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. During the same quarter in the prior year, the business posted ($0.02) earnings per share. Equities analysts forecast that Pan American Silver Corp. will post 0.38 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a $0.10 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.40 annualized dividend and a yield of 2.28%. Pan American Silver's dividend payout ratio is presently -133.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BMO Capital Markets lowered their target price on Pan American Silver from $27.00 to $22.00 and set an "outperform" rating for the company in a report on Thursday, January 18th. TD Securities lowered their target price on Pan American Silver from $18.50 to $17.50 and set a "buy" rating for the company in a report on Friday, February 23rd. StockNews.com cut Pan American Silver from a "hold" rating to a "sell" rating in a report on Monday, January 15th. CIBC cut their target price on shares of Pan American Silver from $28.00 to $27.50 and set an "outperform" rating for the company in a research note on Wednesday, February 7th. Finally, Jefferies Financial Group began coverage on shares of Pan American Silver in a research note on Thursday, February 29th. They issued a "hold" rating and a $14.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $20.42.

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.