Investec Asset Management LTD lessened its holdings in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 27.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,214,415 shares of the basic materials company’s stock after selling 835,798 shares during the period. Investec Asset Management LTD owned about 1.45% of Pan American Silver Corp. worth $37,246,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Pan American Silver Corp. during the first quarter valued at approximately $164,000. Alliancebernstein L.P. purchased a new position in shares of Pan American Silver Corp. during the second quarter valued at approximately $170,000. Sigma Planning Corp purchased a new position in shares of Pan American Silver Corp. during the second quarter valued at approximately $181,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Pan American Silver Corp. during the second quarter valued at approximately $189,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Pan American Silver Corp. by 21.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,560 shares of the basic materials company’s stock valued at $237,000 after buying an additional 2,422 shares during the period. Institutional investors and hedge funds own 53.88% of the company’s stock.

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Shares of Pan American Silver Corp. (NASDAQ PAAS) traded down 1.13% during mid-day trading on Monday, hitting $17.56. The company had a trading volume of 240,093 shares. The firm has a 50-day moving average price of $17.68 and a 200 day moving average price of $17.23. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 22.46 and a beta of 0.23. Pan American Silver Corp. has a 52-week low of $13.80 and a 52-week high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. The firm had revenue of $201.30 million during the quarter, compared to analysts’ expectations of $184.96 million. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.16%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.13 EPS. Analysts expect that Pan American Silver Corp. will post $0.53 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 21st were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.56%. Pan American Silver Corp.’s payout ratio is currently 12.82%.

Several brokerages have issued reports on PAAS. Raymond James Financial, Inc. lowered Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 target price for the company. in a research report on Friday, September 8th. Royal Bank Of Canada restated an “outperform” rating on shares of Pan American Silver Corp. in a research report on Thursday, September 7th. Canaccord Genuity restated a “buy” rating and set a $22.00 target price on shares of Pan American Silver Corp. in a research report on Thursday, September 7th. UBS AG lowered Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 7th. Finally, BidaskClub upgraded Pan American Silver Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $21.10.

Pan American Silver Corp. Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

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

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