TD Asset Management Inc. lowered its stake in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 0.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,153,195 shares of the basic materials company’s stock after selling 2,556 shares during the quarter. TD Asset Management Inc. owned about 0.55% of Pan American Silver worth $36,959,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Evoke Wealth LLC bought a new stake in Pan American Silver during the second quarter worth approximately $25,000. Signaturefd LLC raised its stake in Pan American Silver by 123.8% during the third quarter. Signaturefd LLC now owns 967 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 535 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Pan American Silver during the third quarter worth $32,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Pan American Silver during the second quarter worth $39,000. Finally, Macroview Investment Management LLC acquired a new position in Pan American Silver during the second quarter worth $41,000. 50.35% of the stock is owned by hedge funds and other institutional investors.

Shares of PAAS stock opened at $30.80 on Friday. The stock has a 50-day moving average price of $33.13 and a 200 day moving average price of $31.64. The company has a quick ratio of 1.83, a current ratio of 3.04 and a debt-to-equity ratio of 0.09. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 192.51, a PEG ratio of 2.97 and a beta of 1.48. Pan American Silver Corp. has a 12 month low of $10.61 and a 12 month high of $40.11.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its earnings results on Monday, November 9th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.04). Pan American Silver had a return on equity of 8.00% and a net margin of 2.31%. The company had revenue of $300.41 million for the quarter, compared to the consensus estimate of $399.39 million. During the same quarter last year, the business posted $0.35 EPS. Pan American Silver’s quarterly revenue was down 14.7% on a year-over-year basis. Sell-side analysts predict that Pan American Silver Corp. will post 0.85 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.28 dividend on an annualized basis and a yield of 0.91%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.05. Pan American Silver’s dividend payout ratio (DPR) is 35.90%.

PAAS has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Pan American Silver from a “hold” rating to a “buy” rating and increased their price objective for the stock from $34.00 to $38.00 in a research note on Thursday, October 1st. Canaccord Genuity upgraded Pan American Silver to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday, July 29th. Pi Financial upgraded Pan American Silver from a “neutral” rating to a “buy” rating in a research note on Friday, August 28th. Zacks Investment Research lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Finally, BidaskClub lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Pan American Silver presently has an average rating of “Hold” and a consensus target price of $33.39.

About Pan American Silver

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines in Canada, Mexico, Peru, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Huaron, Morococha, San Vicente, Manantial Espejo, Escobal, Shahuindo, La Arena, and Timmins mines.

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

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