Mackenzie Financial Corp Cuts Position in Pan American Silver Corp. (NYSE:PAAS)

Mackenzie Financial Corp lessened its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 30.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,235,304 shares of the basic materials company’s stock after selling 969,390 shares during the quarter. Mackenzie Financial Corp owned about 0.61% of Pan American Silver worth $36,507,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Optiver Holding B.V. boosted its holdings 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 valued at $25,000 after acquiring an additional 812 shares during the period. Captrust Financial Advisors raised its position in Pan American Silver by 1,220.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,320 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 1,220 shares in the last quarter. Harbour Investments Inc. bought a new stake in Pan American Silver during the 2nd quarter valued at $31,000. Chilton Capital Management LLC bought a new stake in Pan American Silver during the 1st quarter valued at $34,000. Finally, Ronald Blue Trust Inc. raised its position in Pan American Silver by 1,474.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 2,504 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 2,345 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PAAS. StockNews.com lowered Pan American Silver from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. BMO Capital Markets reduced their price target on Pan American Silver from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, January 18th. Jefferies Financial Group began coverage on Pan American Silver in a research report on Thursday, February 29th. They issued a “hold” rating and a $14.00 price target for the company. TD Securities reduced their price target on Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a research report on Friday, February 23rd. Finally, Scotiabank boosted their target price on Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 8th. One investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Pan American Silver Stock Performance

NYSE PAAS opened at $18.90 on Thursday. The stock has a 50-day moving average of $14.65 and a 200 day moving average of $14.75. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $20.60. The company has a quick ratio of 1.09, a current ratio of 2.23 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) EPS 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 for the quarter, compared to analyst estimates of $657.65 million. During the same period in the previous year, the company earned ($0.02) EPS. As a group, equities research analysts expect that Pan American Silver Corp. will post 0.47 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.12%. Pan American Silver’s dividend payout ratio is presently -133.33%.

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.