Mn Services Vermogensbeheer B.V. Buys 900 Shares of Pan American Silver Corp. (NYSE:PAAS)

Mn Services Vermogensbeheer B.V. grew its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 174,400 shares of the basic materials company’s stock after acquiring an additional 900 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Pan American Silver were worth $2,861,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Optiver Holding B.V. increased its stake in 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 in the last quarter. Captrust Financial Advisors grew 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 acquiring an additional 1,220 shares in the last quarter. Harbour Investments Inc. bought a new position in shares of Pan American Silver during the 2nd quarter worth approximately $31,000. FNY Investment Advisers LLC grew its stake in shares of Pan American Silver by 104.4% during the 3rd quarter. FNY Investment Advisers LLC now owns 2,300 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 1,175 shares in the last quarter. Finally, Chilton Capital Management LLC bought a new position in shares of Pan American Silver during the 1st quarter worth approximately $34,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Performance

PAAS opened at $18.79 on Wednesday. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $20.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09. The stock has a fifty day moving average of $14.54 and a 200-day moving average of $14.73.

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

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Friday, March 1st. Pan American Silver’s payout ratio is currently -133.33%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PAAS shares. Jefferies Financial Group started coverage on shares of Pan American Silver in a research note on Thursday, February 29th. They set a “hold” rating and a $14.00 price target for the company. BMO Capital Markets cut their price objective on Pan American Silver from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. StockNews.com downgraded Pan American Silver from a “hold” rating to a “sell” rating in a report on Monday, January 15th. CIBC cut their price objective on Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Finally, TD Securities cut their price objective on Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

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.