Retirement Planning Co of New England Inc. Has $462,000 Position in Pan American Silver Corp. (NYSE:PAAS)

Retirement Planning Co of New England Inc. cut its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,853 shares of the basic materials company’s stock after selling 1,986 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in Pan American Silver were worth $462,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new position in shares of Pan American Silver during the 4th quarter valued at about $43,000. Barclays PLC raised its position in Pan American Silver by 156.4% in the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock valued at $1,282,000 after buying an additional 37,480 shares during the last quarter. Triasima Portfolio Management inc. acquired a new stake in Pan American Silver in the 4th quarter valued at approximately $2,911,000. Ingalls & Snyder LLC raised its position in Pan American Silver by 5.4% in the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company’s stock valued at $34,920,000 after buying an additional 89,011 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Pan American Silver by 73.2% in the 3rd quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company’s stock valued at $1,869,000 after buying an additional 37,804 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Up 3.5 %

NYSE:PAAS opened at $26.70 on Tuesday. The firm has a market capitalization of $9.67 billion, a price-to-earnings ratio of 83.42 and a beta of 1.25. Pan American Silver Corp. has a twelve month low of $13.52 and a twelve month high of $27.45. The stock’s 50 day moving average price is $23.58 and its two-hundred day moving average price is $22.44. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

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

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Monday, March 3rd. Pan American Silver’s payout ratio is presently 125.00%.

Analysts Set New Price Targets

PAAS has been the topic of a number of recent research reports. Royal Bank of Canada lifted their target price on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Scotiabank boosted their price target on Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Tuesday, February 25th. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Finally, TD Securities lowered Pan American Silver from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Pan American Silver presently has a consensus rating of “Hold” and a consensus target price of $27.92.

Pan American Silver Company 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.