Pan American Silver Corp. (NYSE:PAAS) Stock Holdings Lessened by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 4.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,516,789 shares of the basic materials company's stock after selling 69,743 shares during the period. The Manufacturers Life Insurance Company owned 0.42% of Pan American Silver worth $30,725,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of PAAS. Signaturefd LLC raised its stake in shares of Pan American Silver by 6.0% in the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock valued at $160,000 after acquiring an additional 451 shares during the period. US Bancorp DE grew its position in Pan American Silver by 9.6% in 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 period. Jones Financial Companies Lllp grew its position in Pan American Silver by 23.4% in the 4th 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. Principal Securities Inc. increased its holdings in Pan American Silver by 12.5% in the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock valued at $121,000 after buying an additional 664 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in Pan American Silver by 2.4% in the fourth quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock valued at $611,000 after buying an additional 715 shares during the last quarter. Institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Performance

PAAS traded up $1.01 during midday trading on Tuesday, reaching $24.92. The company had a trading volume of 2,839,425 shares, compared to its average volume of 3,705,099. The company has a market cap of $9.02 billion, a P/E ratio of 77.96 and a beta of 0.75. The business has a 50-day moving average of $25.16 and a two-hundred day moving average of $23.55. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. 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 released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The company had revenue of $815.10 million during the quarter, compared to analysts' expectations of $805.20 million. As a group, equities research analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's dividend payout ratio (DPR) is 125.00%.

Analyst Upgrades and Downgrades

PAAS has been the topic of a number of analyst reports. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and dropped their price target for the company from $28.00 to $27.00 in a research note on Tuesday, March 11th. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Finally, BMO Capital Markets started coverage on Pan American Silver in a research report on Wednesday, April 16th. They issued a "market perform" rating on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $28.50.

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.