Canada Pension Plan Investment Board lowered its stake in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 63.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,056 shares of the basic materials company’s stock after selling 61,347 shares during the period. Canada Pension Plan Investment Board’s holdings in Pan American Silver Corp. were worth $613,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in shares of Pan American Silver Corp. by 1,091.3% during the second quarter. Tower Research Capital LLC TRC now owns 8,661 shares of the basic materials company’s stock worth $189,000 after purchasing an additional 7,934 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in Pan American Silver Corp. during the 2nd quarter valued at about $170,000. Sigma Planning Corp purchased a new stake in Pan American Silver Corp. during the 2nd quarter valued at about $181,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Pan American Silver Corp. during the 2nd quarter valued at about $189,000. Finally, Verition Fund Management LLC purchased a new stake in Pan American Silver Corp. during the 2nd quarter valued at about $259,000. 53.24% of the stock is owned by institutional investors and hedge funds.

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Pan American Silver Corp. (PAAS) opened at $14.98 on Tuesday. The firm has a market cap of $2,300.00, a PE ratio of 31.67, a price-to-earnings-growth ratio of 8.09 and a beta of 0.15. Pan American Silver Corp. has a fifty-two week low of $14.05 and a fifty-two week high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $190.79 million for the quarter, compared to analyst estimates of $199.43 million. Pan American Silver Corp. had a net margin of 12.23% and a return on equity of 5.12%. Pan American Silver Corp.’s revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. research analysts expect that Pan American Silver Corp. will post 0.47 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 20th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.10 annualized dividend and a yield of 0.67%. Pan American Silver Corp.’s payout ratio is 16.39%.

Several analysts recently issued reports on PAAS shares. UBS AG cut shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 7th. Canaccord Genuity reaffirmed a “buy” rating and set a $23.00 price objective on shares of Pan American Silver Corp. in a research note on Friday, October 6th. Raymond James Financial, Inc. cut shares of Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 price objective for the company. in a research note on Friday, September 8th. BidaskClub raised shares of Pan American Silver Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, Royal Bank Of Canada upped their price objective on shares of Pan American Silver Corp. from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, August 14th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Pan American Silver Corp. presently has a consensus rating of “Buy” and an average target price of $21.15.

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.

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

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