Russell Investments Group Ltd. Sells 74,155 Shares of Pan American Silver Corp. (NYSE:PAAS)

Russell Investments Group Ltd. cut its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 492,405 shares of the basic materials company’s stock after selling 74,155 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of Pan American Silver worth $8,079,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marlin Sams Capital Management LLC increased its holdings in Pan American Silver by 311.8% in the 4th quarter. Marlin Sams Capital Management LLC now owns 350,000 shares of the basic materials company’s stock valued at $5,716,000 after buying an additional 265,000 shares during the period. Parkside Financial Bank & Trust increased its stake in Pan American Silver by 455.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 3,000 shares during the last quarter. Lesa Sroufe & Co lifted its stake in Pan American Silver by 23.8% during the fourth quarter. Lesa Sroufe & Co now owns 209,772 shares of the basic materials company’s stock worth $3,426,000 after purchasing an additional 40,334 shares during the last quarter. HTLF Bank acquired a new stake in shares of Pan American Silver in the 4th quarter valued at $163,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Pan American Silver by 6.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 229,503 shares of the basic materials company’s stock valued at $3,765,000 after purchasing an additional 13,644 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $18.90 on Wednesday. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of -63.00, a P/E/G ratio of 2.49 and a beta of 1.37. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $20.60. The company’s fifty day moving average is $16.31 and its 200 day moving average is $15.18. The company has a quick ratio of 1.09, a current ratio of 2.23 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data 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 firm had revenue of $669.60 million for the quarter, compared to analyst estimates of $657.65 million. Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. During the same quarter last year, the company earned ($0.02) earnings per share. Sell-side analysts forecast that Pan American Silver Corp. will post 0.38 EPS for the current year.

Pan American Silver Announces Dividend

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

Wall Street Analyst Weigh In

PAAS has been the topic of several research analyst reports. TD Securities reduced their price objective on Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a research note on Friday, February 23rd. BMO Capital Markets dropped their price objective on shares of Pan American Silver from $27.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. CIBC decreased their target price on shares of 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. Scotiabank increased their price target on Pan American Silver from $19.50 to $20.00 and gave the company a “sector outperform” rating in a research note on Monday, April 8th. Finally, Jefferies Financial Group boosted their price objective on Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.00.

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.