Stifel Financial Corp Lowers Stake in Pan American Silver Corp. (NYSE:PAAS)

Stifel Financial Corp cut its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,763 shares of the basic materials company’s stock after selling 4,372 shares during the period. Stifel Financial Corp’s holdings in Pan American Silver were worth $2,938,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp grew its holdings 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 valued at $824,632,000 after purchasing an additional 2,328,306 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Pan American Silver by 51.1% in the second quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock worth $62,107,000 after purchasing an additional 1,056,981 shares during the last quarter. TD Asset Management Inc raised its stake in Pan American Silver by 22.1% in the second quarter. TD Asset Management Inc now owns 2,186,157 shares of the basic materials company’s stock valued at $43,440,000 after buying an additional 395,589 shares during the last quarter. Driehaus Capital Management LLC purchased a new stake in Pan American Silver during the 2nd quarter worth approximately $38,116,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Pan American Silver by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 1,829,052 shares of the basic materials company’s stock valued at $36,300,000 after buying an additional 27,372 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Down 0.1 %

PAAS stock opened at $21.99 on Wednesday. The firm has a market cap of $7.98 billion, a PE ratio of -129.35 and a beta of 1.28. Pan American Silver Corp. has a one year low of $12.16 and a one year high of $26.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. The firm’s 50 day moving average price is $22.80 and its 200-day moving average price is $21.57.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Monday, November 18th. Pan American Silver’s payout ratio is -235.29%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PAAS shares. Royal Bank of Canada boosted their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Finally, Jefferies Financial Group increased their price objective on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.42.

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.