Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 52,257 shares of the basic materials company’s stock after selling 1,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Pan American Silver were worth $1,042,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PAAS. Janney Montgomery Scott LLC grew its position in Pan American Silver by 12.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 37,962 shares of the basic materials company’s stock valued at $792,000 after buying an additional 4,258 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Pan American Silver in the third quarter valued at approximately $212,000. Swiss National Bank raised its holdings in Pan American Silver by 0.3% during the third quarter. Swiss National Bank now owns 1,097,619 shares of the basic materials company’s stock worth $22,955,000 after purchasing an additional 3,400 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Pan American Silver by 3.7% during the third quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock worth $558,000 after purchasing an additional 951 shares in the last quarter. Finally, Foundry Partners LLC boosted its stake in Pan American Silver by 22.7% during the 3rd quarter. Foundry Partners LLC now owns 320,069 shares of the basic materials company’s stock valued at $6,680,000 after purchasing an additional 59,304 shares in the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on PAAS shares. Royal Bank of Canada upped their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Scotiabank upped their price target on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a report on Tuesday, February 25th. TD Securities downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Finally, StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Pan American Silver presently has a consensus rating of “Hold” and an average price target of $27.92.

Pan American Silver Stock Performance

Shares of PAAS opened at $26.70 on Tuesday. Pan American Silver Corp. has a one year low of $13.52 and a one year high of $27.07. The company has a 50-day moving average of $23.58 and a two-hundred day moving average of $22.44. 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 stock has a market cap of $9.67 billion, a price-to-earnings ratio of 83.42 and a beta of 1.25.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted 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. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. On average, equities research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.50%. Pan American Silver’s dividend payout ratio is 125.00%.

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.