Driehaus Capital Management LLC Has $24.55 Million Position in Pan American Silver Corp. (NYSE:PAAS)

Driehaus Capital Management LLC reduced its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 42.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,214,061 shares of the basic materials company's stock after selling 913,177 shares during the period. Driehaus Capital Management LLC owned approximately 0.33% of Pan American Silver worth $24,548,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PAAS. Comprehensive Financial Planning Inc. PA bought a new position in Pan American Silver during the 4th quarter worth about $27,000. Laurel Wealth Advisors LLC acquired a new stake in Pan American Silver in the 4th quarter valued at approximately $30,000. Decker Retirement Planning Inc. acquired a new position in Pan American Silver during the 4th quarter worth approximately $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of Pan American Silver during the 3rd quarter worth approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Pan American Silver in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Stock Performance

Shares of PAAS traded down $0.41 during mid-day trading on Wednesday, hitting $22.62. 4,555,221 shares of the company's stock were exchanged, compared to its average volume of 3,811,694. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of 70.69 and a beta of 0.75. Pan American Silver Corp. has a 52 week low of $17.86 and a 52 week high of $28.60. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The stock's 50-day simple moving average is $25.24 and its 200-day simple moving average is $23.53.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data 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. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $773.20 million for the quarter, compared to the consensus estimate of $696.62 million. During the same period in the prior year, the company posted $0.01 earnings per share. The business's revenue for the quarter was up 28.6% on a year-over-year basis. On average, equities research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, May 20th. Pan American Silver's payout ratio is presently 45.98%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PAAS. TD Securities lowered their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Tuesday. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Finally, CIBC lifted their price target on Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a report on Thursday, May 8th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $29.50.

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.