Hussman Strategic Advisors Inc. Sells 102,000 Shares of Pan American Silver Corp. (NYSE:PAAS)

Hussman Strategic Advisors Inc. lowered its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 80.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,500 shares of the basic materials company’s stock after selling 102,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Pan American Silver were worth $516,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of Pan American Silver by 156.4% in the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock valued at $1,282,000 after purchasing an additional 37,480 shares during the period. Marlin Sams Capital Management LLC lifted its stake in shares of Pan American Silver by 89.2% in the 3rd quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock valued at $14,609,000 after purchasing an additional 330,000 shares during the period. International Assets Investment Management LLC acquired a new stake in Pan American Silver during the 3rd quarter worth $1,659,000. Van ECK Associates Corp raised its stake in Pan American Silver by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock worth $824,632,000 after buying an additional 2,328,306 shares during the period. Finally, Triasima Portfolio Management inc. acquired a new stake in Pan American Silver during the 4th quarter worth $2,911,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank of Canada raised their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Pan American Silver has a consensus rating of “Moderate Buy” and an average target price of $25.92.

Pan American Silver Stock Performance

PAAS opened at $25.48 on Friday. The business’s 50-day moving average price is $22.30 and its two-hundred day moving average price is $21.90. Pan American Silver Corp. has a 1 year low of $12.19 and a 1 year high of $26.05. The company has a market capitalization of $9.23 billion, a price-to-earnings ratio of -149.84 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Pan American Silver had a positive return on equity of 3.07% and a negative net margin of 2.37%. The firm had revenue of $815.10 million for the quarter, compared to the consensus estimate of $805.20 million. Equities analysts expect that Pan American Silver Corp. will post 0.78 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Monday, March 3rd. Pan American Silver’s dividend 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.