BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $3.68 Million Holdings in Pan American Silver Corp. (NYSE:PAAS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 13.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,336 shares of the basic materials company’s stock after selling 27,954 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Pan American Silver were worth $3,682,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PAAS. Van ECK Associates Corp boosted its position in shares of Pan American Silver by 6.3% in the third quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock valued at $824,632,000 after acquiring an additional 2,328,306 shares during the period. Driehaus Capital Management LLC bought a new stake in Pan American Silver in the 2nd quarter valued at $38,116,000. FMR LLC grew its position in Pan American Silver by 1,834.8% in the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock worth $28,084,000 after purchasing an additional 1,275,475 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Pan American Silver by 366.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,601,137 shares of the basic materials company’s stock worth $31,831,000 after purchasing an additional 1,258,205 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of Pan American Silver by 51.1% during the second quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock valued at $62,107,000 after buying an additional 1,056,981 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PAAS shares. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday. Jefferies Financial Group upped their target price on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada lifted their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average target price of $25.42.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $22.60 on Wednesday. The business’s fifty day moving average price is $22.56 and its two-hundred day moving average price is $21.51. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $26.05. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 1.77%. Pan American Silver’s payout ratio is -235.28%.

Pan American Silver Company 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.