Charles Schwab Investment Management Inc. Has $18.93 Million Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Charles Schwab Investment Management Inc. reduced its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 905,474 shares of the basic materials company’s stock after selling 44,575 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.25% of Pan American Silver worth $18,927,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAAS. CWM LLC raised its holdings in shares of Pan American Silver by 31.6% during the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after buying an additional 510 shares in the last quarter. US Bancorp DE raised its stake in Pan American Silver by 13.4% during the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock worth $117,000 after acquiring an additional 660 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Pan American Silver by 11.6% in the second quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock worth $148,000 after acquiring an additional 774 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Pan American Silver by 3.7% in the third quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock worth $558,000 after acquiring an additional 951 shares during the last quarter. Finally, Eastern Bank acquired a new stake in shares of Pan American Silver in the 3rd quarter valued at approximately $28,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Trading Down 2.6 %

Shares of PAAS stock opened at $22.17 on Friday. The stock has a 50-day moving average of $22.60 and a 200-day moving average of $21.53. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of -130.40 and a beta of 1.28. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $26.05.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Monday, November 18th. Pan American Silver’s dividend payout ratio is currently -235.28%.

Wall Street Analyst Weigh In

PAAS has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Finally, Royal Bank of Canada upped their target price on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.42.

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.