Northwest & Ethical Investments L.P. Sells 4,340 Shares of Pan American Silver Corp. (NYSE:PAAS)

Northwest & Ethical Investments L.P. cut its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 5.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 69,479 shares of the basic materials company’s stock after selling 4,340 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Pan American Silver were worth $1,451,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PAAS. Eastern Bank bought a new position in Pan American Silver in the 3rd quarter valued at approximately $28,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of Pan American Silver by 943.4% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 1,500 shares during the last quarter. CWM LLC raised its position in shares of Pan American Silver by 31.6% during the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 510 shares during the last quarter. US Bancorp DE lifted its stake in shares of Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock worth $117,000 after acquiring an additional 660 shares during the period. Finally, Signaturefd LLC boosted its holdings in Pan American Silver by 11.6% in the second quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 774 shares during the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PAAS shares. Royal Bank of Canada boosted 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 report on Tuesday, September 10th. Jefferies Financial Group lifted their price objective 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. Finally, StockNews.com upgraded Pan American Silver from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $25.42.

Pan American Silver Trading Up 1.2 %

NYSE PAAS opened at $21.99 on Friday. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $26.05. The business has a 50 day moving average price of $22.54 and a 200-day moving average price of $21.47. The company has a market cap of $7.98 billion, a price-to-earnings ratio of -129.32 and a beta of 1.33.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.82%. Pan American Silver’s payout ratio is -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.