Perpetual Ltd Sells 62,047 Shares of Pan American Silver Corp. (NYSE:PAAS)

Perpetual Ltd cut its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 385,673 shares of the basic materials company’s stock after selling 62,047 shares during the period. Perpetual Ltd owned 0.11% of Pan American Silver worth $7,798,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Eastern Bank acquired a new position in Pan American Silver during the third quarter worth approximately $28,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver in the 4th quarter valued at $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Pan American Silver during the 3rd quarter valued at $32,000. Decker Retirement Planning Inc. bought a new position in Pan American Silver during the fourth quarter worth $32,000. Finally, Mark Sheptoff Financial Planning LLC increased its holdings in shares of Pan American Silver by 102.5% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 1,700 shares during the last quarter. 55.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on PAAS shares. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Jefferies Financial Group raised their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.42.

Pan American Silver Stock Performance

NYSE PAAS opened at $21.91 on Wednesday. The firm has a 50-day moving average price of $21.63 and a two-hundred day moving average price of $21.69. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $26.05. The company has a market capitalization of $7.96 billion, a P/E ratio of -128.90 and a beta of 1.27. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 1.83%. Pan American Silver’s dividend payout ratio (DPR) is presently -235.28%.

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.