Sanctuary Advisors LLC Has $205,000 Stake in Pan American Silver Corp. (NYSE:PAAS)

Sanctuary Advisors LLC reduced its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,132 shares of the basic materials company’s stock after selling 1,229 shares during the quarter. Sanctuary Advisors LLC’s holdings in Pan American Silver were worth $205,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PAAS. US Bancorp DE increased its holdings in Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock worth $117,000 after buying an additional 660 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Pan American Silver by 12.6% in the third quarter. Janney Montgomery Scott LLC now owns 37,962 shares of the basic materials company’s stock worth $792,000 after purchasing an additional 4,258 shares in the last quarter. Harvest Portfolios Group Inc. increased its position in Pan American Silver by 8.3% during the third quarter. Harvest Portfolios Group Inc. now owns 28,895 shares of the basic materials company’s stock worth $603,000 after buying an additional 2,216 shares during the last quarter. American Capital Advisory LLC bought a new position in Pan American Silver during the third quarter valued at about $641,000. Finally, Hara Capital LLC lifted its holdings in Pan American Silver by 16.4% in the 3rd quarter. Hara Capital LLC now owns 134,146 shares of the basic materials company’s stock worth $2,800,000 after purchasing an additional 18,872 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Up 5.3 %

PAAS opened at $24.96 on Thursday. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 77.99 and a beta of 1.28. 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 firm’s 50-day simple moving average is $22.79 and its 200-day simple moving average is $22.19. Pan American Silver Corp. has a twelve month low of $13.34 and a twelve month high of $26.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The company had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Equities research analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.60%. Pan American Silver’s payout ratio is 125.00%.

Analyst Ratings Changes

Several analysts recently issued reports on PAAS shares. Royal Bank of Canada upped their price objective 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. TD Securities upped their price objective on shares of Pan American Silver from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Scotiabank increased their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Tuesday, February 25th. Finally, StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.08.

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.