Investors Research Corp Sells 2,528 Shares of Pan American Silver Corp. (NYSE:PAAS)

Investors Research Corp reduced its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 58.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,799 shares of the basic materials company’s stock after selling 2,528 shares during the quarter. Investors Research Corp’s holdings in Pan American Silver were worth $36,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Pan American Silver in the fourth quarter valued at about $27,000. Laurel Wealth Advisors LLC bought a new position in Pan American Silver in the fourth quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new position in Pan American Silver in the third quarter worth about $32,000. Decker Retirement Planning Inc. bought a new position in Pan American Silver in the fourth quarter worth about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Pan American Silver in the fourth quarter worth about $32,000. 55.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. TD Securities boosted their target price on shares of Pan American Silver from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Royal Bank of Canada boosted their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Scotiabank boosted their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Tuesday, February 25th. Finally, StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Two equities 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.08.

Pan American Silver Price Performance

Shares of PAAS stock opened at $23.40 on Tuesday. Pan American Silver Corp. has a fifty-two week low of $13.52 and a fifty-two week high of $26.05. The firm has a market capitalization of $8.47 billion, a price-to-earnings ratio of 73.11 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The stock’s 50-day simple moving average is $23.09 and its 200-day simple moving average is $22.27.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. As a group, equities analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a $0.10 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.71%. Pan American Silver’s dividend payout ratio is currently 125.00%.

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.