Pan American Silver Corp. (NYSE:PAAS) Holdings Decreased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 22.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,593 shares of the basic materials company’s stock after selling 19,524 shares during the period. Commonwealth Equity Services LLC’s holdings in Pan American Silver were worth $1,387,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of Pan American Silver by 9.6% in the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company’s stock valued at $124,000 after acquiring an additional 539 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Pan American Silver by 23.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 549 shares in the last quarter. Principal Securities Inc. increased its position in shares of Pan American Silver by 12.5% during the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 664 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Pan American Silver by 164.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company’s stock worth $39,000 after buying an additional 1,209 shares in the last quarter. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Pan American Silver in the fourth quarter valued at $27,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Pan American Silver stock opened at $25.95 on Monday. Pan American Silver Corp. has a fifty-two week low of $15.10 and a fifty-two week high of $27.47. The firm’s 50 day simple moving average is $24.45 and its 200-day simple moving average is $22.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The company has a market cap of $9.40 billion, a P/E ratio of 81.11 and a beta of 1.25.

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. The firm had revenue of $815.10 million for the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. As a group, equities research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. Pan American Silver’s payout ratio is presently 125.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. TD Securities cut shares of Pan American Silver from a “buy” rating to a “hold” rating and dropped their price target for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. 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, Royal Bank of Canada lifted their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Three investment 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, the stock has an average rating of “Hold” and an average price target of $27.92.

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.