Euro Pacific Asset Management LLC Has $27.31 Million Stake in Pan American Silver Corp. (NYSE:PAAS)

Euro Pacific Asset Management LLC lessened its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 2.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,339,706 shares of the basic materials company’s stock after selling 32,032 shares during the period. Pan American Silver accounts for about 5.9% of Euro Pacific Asset Management LLC’s holdings, making the stock its 3rd biggest holding. Euro Pacific Asset Management LLC’s holdings in Pan American Silver were worth $27,310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in shares of Pan American Silver by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock valued at $824,632,000 after purchasing an additional 2,328,306 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in Pan American Silver in the second quarter worth approximately $38,116,000. FMR LLC increased its holdings in shares of Pan American Silver by 1,834.8% in the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock valued at $28,084,000 after buying an additional 1,275,475 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Pan American Silver by 51.1% during the 2nd quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock valued at $62,107,000 after acquiring an additional 1,056,981 shares during the last quarter. Finally, Marlin Sams Capital Management LLC boosted its stake in shares of Pan American Silver by 89.2% during the 3rd quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock worth $14,609,000 after acquiring an additional 330,000 shares in the last quarter. Institutional investors own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group boosted their target price on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and an average target price of $25.42.

Pan American Silver Trading Up 2.8 %

Shares of Pan American Silver stock opened at $22.44 on Friday. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $26.05. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $21.65 and a 200-day simple moving average of $21.70.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Monday, November 18th. Pan American Silver’s dividend payout ratio is currently -235.28%.

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.