Pan American Silver Corp. (NYSE:PAAS) Holdings Trimmed by Freedom Investment Management Inc.

Freedom Investment Management Inc. lowered its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,294 shares of the basic materials company’s stock after selling 943 shares during the period. Freedom Investment Management Inc.’s holdings in Pan American Silver were worth $532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PAAS. Signaturefd LLC grew its stake in Pan American Silver by 6.0% during the 4th quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company’s stock valued at $160,000 after acquiring an additional 451 shares in the last quarter. US Bancorp DE grew its position in Pan American Silver by 9.6% during the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company’s stock valued at $124,000 after purchasing an additional 539 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Pan American Silver by 23.4% in the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company’s stock valued at $58,000 after buying an additional 549 shares during the period. Principal Securities Inc. boosted its stake in shares of Pan American Silver by 12.5% during the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company’s stock valued at $121,000 after buying an additional 664 shares during the period. Finally, Evergreen Capital Management LLC grew its holdings in shares of Pan American Silver by 2.4% during the 4th quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company’s stock valued at $611,000 after acquiring an additional 715 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 2.9 %

PAAS stock opened at $27.20 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The company has a 50-day moving average of $25.05 and a two-hundred day moving average of $23.30. The stock has a market capitalization of $9.85 billion, a price-to-earnings 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 released its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The firm had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. As a group, equities research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PAAS shares. TD Securities cut Pan American Silver from a “buy” rating to a “hold” rating and reduced their price objective for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. National Bankshares restated an “outperform” rating on shares of Pan American Silver in a report on Wednesday, April 2nd. BMO Capital Markets assumed coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They issued a “market perform” rating for the company. Scotiabank restated a “sector perform” rating on shares of Pan American Silver in a research note on Monday, April 14th. Finally, Royal Bank of Canada lifted their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.50.

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.