BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $3.68 Million Holdings in Pan American Silver Corp. (NYSE:PAAS)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 13.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,336 shares of the basic materials company’s stock after selling 27,954 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Pan American Silver were worth $3,682,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PAAS. Verition Fund Management LLC bought a new stake in shares of Pan American Silver during the 3rd quarter valued at $1,340,000. FMR LLC increased its holdings in Pan American Silver by 1,834.8% in the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock valued at $28,084,000 after purchasing an additional 1,275,475 shares during the last quarter. Qsemble Capital Management LP acquired a new position in Pan American Silver in the third quarter valued at about $692,000. Dynamic Technology Lab Private Ltd boosted its holdings in Pan American Silver by 383.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 58,274 shares of the basic materials company’s stock worth $1,216,000 after buying an additional 46,224 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new position in shares of Pan American Silver during the 3rd quarter worth about $838,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Up 5.9 %

Shares of NYSE:PAAS opened at $22.60 on Wednesday. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $26.05. The company’s fifty day simple moving average is $22.56 and its 200 day simple moving average is $21.51. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.77%. Pan American Silver’s dividend payout ratio (DPR) is -235.28%.

Analysts Set New Price Targets

PAAS has been the topic of several recent analyst reports. Royal Bank of Canada lifted their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group boosted their price target on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.42.

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.