Pan American Silver Corp. (NASDAQ:PAAS) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp decreased its holdings in Pan American Silver Corp. (NASDAQ:PAASGet Rating) (TSE:PAAS) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,400 shares of the basic materials company’s stock after selling 700 shares during the quarter. Alberta Investment Management Corp owned about 0.06% of Pan American Silver worth $3,358,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Pan American Silver by 4.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 906,705 shares of the basic materials company’s stock worth $21,098,000 after purchasing an additional 37,585 shares in the last quarter. Hussman Strategic Advisors Inc. boosted its position in shares of Pan American Silver by 38.9% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 50,000 shares of the basic materials company’s stock worth $1,248,000 after purchasing an additional 14,000 shares in the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of Pan American Silver in the 4th quarter worth $292,000. UMB Bank N A MO acquired a new stake in shares of Pan American Silver in the 4th quarter worth $42,000. Finally, Confluence Investment Management LLC boosted its position in shares of Pan American Silver by 4.7% in the 4th quarter. Confluence Investment Management LLC now owns 10,719 shares of the basic materials company’s stock worth $268,000 after purchasing an additional 477 shares in the last quarter. 44.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Pan American Silver stock opened at $22.36 on Thursday. The company has a quick ratio of 1.41, a current ratio of 2.71 and a debt-to-equity ratio of 0.01. Pan American Silver Corp. has a twelve month low of $20.59 and a twelve month high of $34.70. The business has a 50-day moving average price of $25.90 and a 200 day moving average price of $25.02. The firm has a market cap of $4.71 billion, a PE ratio of 26.00, a P/E/G ratio of 3.31 and a beta of 1.25.

Pan American Silver (NASDAQ:PAASGet Rating) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, May 11th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.07). Pan American Silver had a net margin of 10.70% and a return on equity of 5.90%. During the same period in the previous year, the business posted $0.18 earnings per share. On average, sell-side analysts expect that Pan American Silver Corp. will post 0.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Investors of record on Tuesday, May 24th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Monday, May 23rd. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.09. Pan American Silver’s payout ratio is currently 55.81%.

A number of brokerages have commented on PAAS. TheStreet raised Pan American Silver from a “c+” rating to a “b-” rating in a research report on Friday, March 25th. Canaccord Genuity Group raised Pan American Silver from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Thursday, May 12th. TD Securities decreased their price objective on Pan American Silver from $36.00 to $30.00 and set a “buy” rating for the company in a report on Friday, May 13th. National Bank Financial boosted their price objective on Pan American Silver from C$41.00 to C$47.00 in a report on Wednesday, April 20th. Finally, StockNews.com began coverage on Pan American Silver in a report on Thursday, March 31st. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $34.43.

Pan American Silver Profile (Get Rating)

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines.

Further Reading

Institutional Ownership by Quarter for Pan American Silver (NASDAQ:PAAS)

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