Sanctuary Advisors LLC Sells 1,229 Shares of Pan American Silver Corp. (NYSE:PAAS)

Sanctuary Advisors LLC lessened its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 10.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,132 shares of the basic materials company’s stock after selling 1,229 shares during the period. Sanctuary Advisors LLC’s holdings in Pan American Silver were worth $205,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. FMR LLC raised its position in shares of Pan American Silver by 1,834.8% during the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock worth $28,084,000 after acquiring an additional 1,275,475 shares during the last quarter. Marlin Sams Capital Management LLC increased its position in Pan American Silver by 89.2% in the third quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock worth $14,609,000 after purchasing an additional 330,000 shares during the period. National Bank of Canada FI raised its holdings in Pan American Silver by 30.1% during the 3rd quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company’s stock worth $23,857,000 after purchasing an additional 264,772 shares during the last quarter. Triasima Portfolio Management inc. acquired a new position in Pan American Silver during the 4th quarter valued at about $2,911,000. Finally, Geode Capital Management LLC boosted its stake in shares of Pan American Silver by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company’s stock valued at $31,713,000 after purchasing an additional 108,039 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Up 5.3 %

Shares of NYSE:PAAS opened at $24.96 on Thursday. The company has a 50 day moving average price of $22.79 and a two-hundred day moving average price of $22.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The company has a market capitalization of $9.04 billion, a PE ratio of 77.99 and a beta of 1.28. Pan American Silver Corp. has a 52 week low of $13.34 and a 52 week high of $26.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $815.10 million during the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. Analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is currently 125.00%.

Wall Street Analyst Weigh In

PAAS has been the subject of a number of recent research reports. TD Securities boosted their price target on shares of Pan American Silver from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Royal Bank of Canada increased their price target on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Scotiabank lifted their price objective on Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Pan American Silver has an average rating of “Moderate Buy” and a consensus target price of $28.08.

About Pan American Silver

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.