Cetera Investment Advisers Sells 22,092 Shares of Pan American Silver Corp. (NYSE:PAAS)

Cetera Investment Advisers reduced its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 9.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 206,377 shares of the basic materials company's stock after selling 22,092 shares during the quarter. Cetera Investment Advisers owned 0.06% of Pan American Silver worth $4,173,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in shares of Pan American Silver by 17.0% during the 4th quarter. BNP Paribas Financial Markets now owns 55,488 shares of the basic materials company's stock valued at $1,122,000 after purchasing an additional 8,081 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in 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 acquiring an additional 486,622 shares during the period. Parvin Asset Management LLC purchased a new stake in Pan American Silver during the 4th quarter valued at about $705,000. Schonfeld Strategic Advisors LLC purchased a new stake in Pan American Silver during the 4th quarter valued at about $222,000. Finally, Northern Trust Corp boosted its holdings in Pan American Silver by 210.1% during the 4th quarter. Northern Trust Corp now owns 83,871 shares of the basic materials company's stock valued at $1,696,000 after acquiring an additional 56,826 shares during the period. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Up 1.9%

Shares of NYSE:PAAS traded up $0.43 during trading on Tuesday, hitting $23.51. The stock had a trading volume of 1,056,909 shares, compared to its average volume of 3,792,032. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $28.60. The company has a market capitalization of $8.52 billion, a PE ratio of 73.39 and a beta of 0.75. The firm's fifty day moving average is $25.12 and its 200 day moving average is $23.50. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

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

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PAAS shares. StockNews.com upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Royal Bank of Canada increased their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. BMO Capital Markets started coverage on Pan American Silver in a report on Wednesday, April 16th. They issued a "market perform" rating for the company. Finally, TD Securities dropped their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.50.

Pan American Silver 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.