Cetera Investment Advisers Reduces Holdings in Pan American Silver Corp. (NYSE:PAAS)

Cetera Investment Advisers lessened its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,377 shares of the basic materials company's stock after selling 22,092 shares during the period. Cetera Investment Advisers owned 0.06% of Pan American Silver worth $4,173,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Pan American Silver by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company's stock valued at $283,385,000 after buying an additional 221,561 shares during the last quarter. FIL Ltd lifted its position in shares of Pan American Silver by 4.6% during the 4th quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company's stock valued at $270,848,000 after buying an additional 584,017 shares during the last quarter. Norges Bank purchased a new position in shares of Pan American Silver during the 4th quarter valued at $91,916,000. Ameriprise Financial Inc. lifted its position in shares of Pan American Silver by 18.3% during 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 last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Pan American Silver by 32.2% during the 4th quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company's stock valued at $40,776,000 after buying an additional 494,133 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Price Performance

NYSE PAAS traded down $0.14 during trading on Friday, reaching $22.71. The company's stock had a trading volume of 7,480,971 shares, compared to its average volume of 3,801,045. The stock has a market capitalization of $8.23 billion, a PE ratio of 70.98 and a beta of 0.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The firm has a fifty day moving average of $25.16 and a 200 day moving average of $23.50. Pan American Silver Corp. has a one year low of $17.86 and a one year high of $28.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.19 by $0.23. The firm had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The company's revenue was up 28.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 EPS. Analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.76%. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PAAS. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Royal Bank of Canada boosted their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. TD Securities decreased their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research note on Tuesday, May 13th. Finally, CIBC upped their target price on Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $29.50.

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.