Freedom Investment Management Inc. Trims Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Freedom Investment Management Inc. cut its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 5.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,237 shares of the basic materials company’s stock after selling 1,554 shares during the quarter. Freedom Investment Management Inc.’s holdings in Pan American Silver were worth $568,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PAAS. Van ECK Associates Corp boosted its holdings in shares of Pan American Silver by 6.3% in 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 purchasing an additional 2,328,306 shares in the last quarter. Mackenzie Financial Corp boosted its stake 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 buying an additional 1,056,981 shares in the last quarter. TD Asset Management Inc grew its position in Pan American Silver by 22.1% during 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 acquiring an additional 395,589 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in shares of Pan American Silver during the second quarter worth approximately $38,116,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Pan American Silver by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,829,052 shares of the basic materials company’s stock worth $36,300,000 after acquiring an additional 27,372 shares during the last quarter. 55.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on PAAS shares. Royal Bank of Canada lifted their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. StockNews.com raised Pan American Silver from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Finally, Jefferies Financial Group raised their price target on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Pan American Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.42.

Pan American Silver Stock Up 1.2 %

NYSE PAAS opened at $21.99 on Friday. Pan American Silver Corp. has a 1 year low of $12.16 and a 1 year high of $26.05. The stock has a market capitalization of $7.98 billion, a PE ratio of -129.32 and a beta of 1.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. The business’s 50-day moving average is $22.54 and its 200 day moving average is $21.47.

Pan American Silver Announces Dividend

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