Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 48.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 143,112 shares of the basic materials company’s stock after selling 135,056 shares during the quarter. Russell Investments Group Ltd.’s holdings in Pan American Silver were worth $2,886,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Wellington Management Group LLP increased its holdings in Pan American Silver by 87.8% during the 3rd quarter. Wellington Management Group LLP now owns 57,677 shares of the basic materials company’s stock worth $1,206,000 after purchasing an additional 26,960 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Pan American Silver during the third quarter worth approximately $547,000. Barclays PLC increased its stake in shares of Pan American Silver by 156.4% in the third quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock worth $1,282,000 after buying an additional 37,480 shares during the last quarter. Geode Capital Management LLC raised its holdings in Pan American Silver by 7.6% in the third quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company’s stock valued at $31,713,000 after acquiring an additional 108,039 shares in the last quarter. Finally, Virtu Financial LLC boosted its stake in Pan American Silver by 23.9% during the 3rd quarter. Virtu Financial LLC now owns 36,873 shares of the basic materials company’s stock valued at $770,000 after acquiring an additional 7,114 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a report on Wednesday, April 2nd. Scotiabank reaffirmed a “sector perform” rating on shares of Pan American Silver in a report on Monday. TD Securities downgraded Pan American Silver from a “buy” rating to a “hold” rating and lowered their price target for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, Royal Bank of Canada upped their price target on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.50.

Pan American Silver Stock Down 2.9 %

NYSE:PAAS opened at $27.20 on Friday. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $24.99 and a 200-day moving average of $23.24. The firm has a market capitalization of $9.85 billion, a PE ratio of 85.00 and a beta of 1.06. Pan American Silver Corp. has a 52 week low of $17.86 and a 52 week high of $28.60.

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

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.47%. Pan American Silver’s dividend payout ratio is presently 125.00%.

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.