Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 30.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,235,304 shares of the basic materials company’s stock after selling 969,390 shares during the period. Mackenzie Financial Corp’s holdings in Pan American Silver were worth $36,507,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PAAS. Optiver Holding B.V. raised its position in shares of Pan American Silver by 90.8% during the 3rd quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 812 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Pan American Silver by 1,220.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,320 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 1,220 shares during the period. Harbour Investments Inc. purchased a new position in shares of Pan American Silver during the 2nd quarter worth $31,000. Chilton Capital Management LLC purchased a new position in shares of Pan American Silver during the 1st quarter worth $34,000. Finally, Ronald Blue Trust Inc. lifted its stake in shares of Pan American Silver by 1,474.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 2,504 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 2,345 shares during the period. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PAAS has been the topic of a number of recent analyst reports. CIBC reduced their price target on Pan American Silver from $28.00 to $27.50 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. StockNews.com lowered Pan American Silver from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. TD Securities cut their target price on Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Scotiabank increased their target price on Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 8th. Finally, Jefferies Financial Group began coverage on Pan American Silver in a research report on Thursday, February 29th. They issued a “hold” rating and a $14.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.50.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $18.90 on Thursday. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $20.60. The company has a current ratio of 2.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $14.65 and a 200 day moving average price of $14.75.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.12). The business had revenue of $669.60 million for the quarter, compared to analyst estimates of $657.65 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. During the same quarter in the prior year, the business earned ($0.02) earnings per share. On average, analysts expect that Pan American Silver Corp. will post 0.47 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.12%. Pan American Silver’s dividend payout ratio (DPR) is -133.33%.

About Pan American Silver

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.