Pan American Silver Corp. $PAAS Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 4.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 838,306 shares of the basic materials company’s stock after selling 39,560 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.23% of Pan American Silver worth $21,650,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PAAS. Hsbc Holdings PLC lifted its holdings in shares of Pan American Silver by 661.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company’s stock valued at $26,300,000 after buying an additional 1,135,839 shares during the period. TD Asset Management Inc lifted its holdings in shares of Pan American Silver by 71.7% in the 1st quarter. TD Asset Management Inc now owns 1,971,544 shares of the basic materials company’s stock valued at $50,917,000 after buying an additional 823,390 shares during the period. Man Group plc lifted its holdings in shares of Pan American Silver by 381.7% in the 4th quarter. Man Group plc now owns 947,560 shares of the basic materials company’s stock valued at $19,160,000 after buying an additional 750,858 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Pan American Silver by 2,009.4% in the 4th quarter. Two Sigma Investments LP now owns 651,584 shares of the basic materials company’s stock valued at $13,175,000 after buying an additional 620,694 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Pan American Silver by 18.3% in the 4th quarter. Ameriprise Financial Inc. now owns 3,146,182 shares of the basic materials company’s stock valued at $63,658,000 after buying an additional 486,622 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Trading Up 2.4%

PAAS stock opened at $32.0160 on Friday. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15. Pan American Silver Corp. has a 12-month low of $18.50 and a 12-month high of $32.50. The stock has a market cap of $11.58 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 0.42 and a beta of 0.60. The business’s 50-day moving average is $29.44 and its 200 day moving average is $26.61.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The company had revenue of $811.90 million for the quarter, compared to analysts’ expectations of $782.12 million. During the same period in the previous year, the firm posted $0.11 EPS. Pan American Silver’s revenue was up 18.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 18th. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.10. Pan American Silver’s payout ratio is presently 33.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. TD Securities dropped their target price on Pan American Silver from $30.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, May 22nd. Wall Street Zen cut Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. CIBC restated an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Finally, Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Pan American Silver presently has a consensus rating of “Hold” and an average target price of $31.40.

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.