Sumitomo Mitsui Trust Holdings Inc. Sells 6,893 Shares of Pan American Silver Corp. (NYSE:PAAS)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 745,334 shares of the basic materials company’s stock after selling 6,893 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.20% of Pan American Silver worth $12,207,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PAAS. Optiver Holding B.V. boosted its position in shares of 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 during the last quarter. Ronald Blue Trust Inc. lifted its stake in Pan American Silver by 1,474.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 2,504 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 2,345 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Pan American Silver during the 3rd quarter valued at about $46,000. CVA Family Office LLC purchased a new position in shares of Pan American Silver during the fourth quarter valued at approximately $46,000. Finally, Dubuque Bank & Trust Co bought a new position in Pan American Silver during the third quarter valued at approximately $145,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of PAAS opened at $18.23 on Tuesday. The business has a 50-day simple moving average of $14.99 and a two-hundred day simple moving average of $14.87. 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 Corp. has a 52 week low of $12.16 and a 52 week high of $20.60. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of -60.76, a PEG ratio of 2.14 and a beta of 1.44.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. The firm had revenue of $669.60 million during the quarter, compared to analysts’ expectations of $657.65 million. During the same period in the prior year, the company posted ($0.02) earnings per share. On average, analysts expect that Pan American Silver Corp. will post 0.47 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors 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 dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, March 1st. Pan American Silver’s dividend payout ratio (DPR) is -133.33%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. CIBC cut their target price on shares of Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. TD Securities reduced their price objective on Pan American Silver from $18.50 to $17.50 and set a “buy” rating for the company in a research report on Friday, February 23rd. BMO Capital Markets dropped their target price on Pan American Silver from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Jefferies Financial Group boosted their price target on Pan American Silver from $14.00 to $17.00 and gave the company a “hold” rating in a research note on Monday. Finally, StockNews.com cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.