Cambridge Investment Research Advisors Inc. Reduces Holdings in Pan American Silver Corp. (NASDAQ:PAAS)

Cambridge Investment Research Advisors Inc. trimmed its stake in Pan American Silver Corp. (NASDAQ:PAASGet Rating) (TSE:PAAS) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,824 shares of the basic materials company’s stock after selling 1,292 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Pan American Silver were worth $426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. lifted its position in shares of Pan American Silver by 27.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 634,233 shares of the basic materials company’s stock worth $12,438,000 after purchasing an additional 135,027 shares during the period. TD Asset Management Inc. lifted its position in shares of Pan American Silver by 0.4% in the 2nd quarter. TD Asset Management Inc. now owns 1,271,543 shares of the basic materials company’s stock worth $24,929,000 after purchasing an additional 5,666 shares during the period. US Bancorp DE increased its stake in shares of Pan American Silver by 218.0% in the 2nd quarter. US Bancorp DE now owns 2,477 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,698 shares in the last quarter. Spartan Fund Management Inc. bought a new position in shares of Pan American Silver in the 2nd quarter worth about $1,157,000. Finally, Banque Cantonale Vaudoise increased its stake in shares of Pan American Silver by 33.8% in the 2nd quarter. Banque Cantonale Vaudoise now owns 35,840 shares of the basic materials company’s stock worth $704,000 after acquiring an additional 9,059 shares in the last quarter. 44.11% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Up 0.9 %

NASDAQ:PAAS opened at $18.26 on Thursday. The firm has a market cap of $3.84 billion, a P/E ratio of -24.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.96 and a current ratio of 2.12. Pan American Silver Corp. has a fifty-two week low of $13.40 and a fifty-two week high of $30.56. The firm has a 50-day simple moving average of $16.19 and a two-hundred day simple moving average of $16.88.

Pan American Silver (NASDAQ:PAASGet Rating) (TSE:PAAS) last released its quarterly earnings data on Wednesday, November 9th. The basic materials company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.05. The business had revenue of $338.89 million during the quarter, compared to analyst estimates of $351.58 million. Pan American Silver had a negative net margin of 10.01% and a positive return on equity of 2.47%. Analysts predict that Pan American Silver Corp. will post 0.06 earnings per share for the current fiscal year.

Pan American Silver Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of record on Monday, November 21st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, November 18th. Pan American Silver’s payout ratio is presently -53.33%.

Wall Street Analyst Weigh In

PAAS has been the subject of several research reports. National Bank Financial decreased their price target on shares of Pan American Silver from C$33.00 to C$31.50 in a research note on Thursday, October 13th. TD Securities decreased their price target on shares of Pan American Silver from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, November 11th. Royal Bank of Canada upgraded shares of Pan American Silver from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $19.00 to $22.00 in a research note on Wednesday. Finally, StockNews.com lowered shares of Pan American Silver from a “hold” rating to a “sell” rating in a research note on Monday, December 5th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.08.

About Pan American Silver

(Get Rating)

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines.

Further Reading

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Institutional Ownership by Quarter for Pan American Silver (NASDAQ:PAAS)

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