Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 23.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,387 shares of the basic materials company’s stock after selling 26,928 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Pan American Silver were worth $1,460,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Optiver Holding B.V. lifted its position in Pan American Silver by 90.8% during the third quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock valued at $25,000 after buying an additional 812 shares in the last quarter. Captrust Financial Advisors lifted its position in Pan American Silver by 1,220.0% during the second quarter. Captrust Financial Advisors now owns 1,320 shares of the basic materials company’s stock valued at $26,000 after buying an additional 1,220 shares in the last quarter. Harbour Investments Inc. acquired a new position in Pan American Silver during the second quarter valued at approximately $31,000. FNY Investment Advisers LLC lifted its position in Pan American Silver by 104.4% during the third quarter. FNY Investment Advisers LLC now owns 2,300 shares of the basic materials company’s stock valued at $33,000 after buying an additional 1,175 shares in the last quarter. Finally, Chilton Capital Management LLC acquired a new position in Pan American Silver during the first quarter valued at approximately $34,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Pan American Silver Stock Down 2.2 %

Pan American Silver stock opened at $19.17 on Friday. The firm has a market capitalization of $6.96 billion, a P/E ratio of -63.90, a P/E/G ratio of 1.94 and a beta of 1.44. The company has a 50-day simple moving average of $14.31 and a 200-day simple moving average of $14.66. Pan American Silver Corp. has a one year low of $12.16 and a one year high of $20.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.09 and a current ratio of 2.23.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly 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 negative net margin of 5.24% and a positive return on equity of 0.44%. The business had revenue of $669.60 million during the quarter, compared to analyst estimates of $657.65 million. During the same period in the previous year, the company posted ($0.02) earnings per share. As a group, equities analysts expect that Pan American Silver Corp. will post 0.44 earnings per share for the current year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Friday, March 1st. Pan American Silver’s dividend payout ratio is presently -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.