Mackenzie Financial Corp Has $36.51 Million Position in Pan American Silver Corp. (NYSE:PAAS)

Mackenzie Financial Corp decreased its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 30.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,235,304 shares of the basic materials company's stock after selling 969,390 shares during the quarter. Mackenzie Financial Corp owned approximately 0.61% of Pan American Silver worth $36,507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in Pan American Silver by 2.5% during the 1st quarter. Bank of New York Mellon Corp now owns 224,029 shares of the basic materials company's stock worth $6,115,000 after acquiring an additional 5,501 shares during the period. PNC Financial Services Group Inc. lifted its position in Pan American Silver by 32.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,465 shares of the basic materials company's stock worth $312,000 after acquiring an additional 2,830 shares during the period. BlackRock Inc. raised its stake in shares of Pan American Silver by 2.5% during the 1st quarter. BlackRock Inc. now owns 122,288 shares of the basic materials company's stock worth $3,339,000 after buying an additional 2,987 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Pan American Silver during the 1st quarter worth approximately $207,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Pan American Silver by 18.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,248,440 shares of the basic materials company's stock worth $34,084,000 after buying an additional 190,839 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Up 0.8 %

Pan American Silver stock traded up $0.16 during midday trading on Thursday, reaching $19.06. The stock had a trading volume of 4,627,847 shares, compared to its average volume of 4,385,467. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $20.60. The stock has a market capitalization of $6.92 billion, a PE ratio of -63.00, a price-to-earnings-growth ratio of 2.11 and a beta of 1.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 2.23. The stock's 50-day simple moving average is $14.65 and its 200 day simple moving average is $14.75.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.12). Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. The firm had revenue of $669.60 million during the quarter, compared to analyst estimates of $657.65 million. During the same quarter in the previous year, the business posted ($0.02) EPS. Analysts expect that Pan American Silver Corp. will post 0.47 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Friday, March 1st. Pan American Silver's dividend payout ratio (DPR) is presently -133.33%.

Analyst Ratings Changes

Several research firms recently weighed in on PAAS. Jefferies Financial Group began coverage on Pan American Silver in a research note on Thursday, February 29th. They issued a "hold" rating and a $14.00 price objective for the company. Scotiabank raised their price objective on Pan American Silver from $19.50 to $20.00 and gave the company a "sector outperform" rating in a research note on Monday, April 8th. CIBC dropped their price target on Pan American Silver from $28.00 to $27.50 and set an "outperform" rating for the company in a research report on Wednesday, February 7th. TD Securities decreased their price objective on Pan American Silver from $18.50 to $17.50 and set a "buy" rating on the stock in a report on Friday, February 23rd. Finally, BMO Capital Markets decreased their price objective on Pan American Silver from $27.00 to $22.00 and set an "outperform" rating on the stock in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Pan American Silver currently has an average rating of "Moderate Buy" and a consensus price target of $20.50.

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.