Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,945,530 shares of the basic materials company's stock after selling 90,637 shares during the period. Dimensional Fund Advisors LP owned approximately 0.54% of Pan American Silver worth $39,337,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Pan American Silver during the fourth quarter valued at about $27,000. Laurel Wealth Advisors LLC bought a new position in Pan American Silver during the fourth quarter valued at approximately $30,000. Decker Retirement Planning Inc. bought a new stake in Pan American Silver in the fourth quarter worth $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of Pan American Silver in the third quarter valued at approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Pan American Silver in the fourth quarter valued at about $32,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PAAS shares. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. TD Securities cut Pan American Silver from a "buy" rating to a "hold" rating and cut their price objective for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Royal Bank of Canada upped their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Finally, BMO Capital Markets began coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They issued a "market perform" rating on the stock. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $28.50.

Pan American Silver Trading Down 1.9 %

NYSE:PAAS traded down $0.46 during midday trading on Wednesday, hitting $24.58. The stock had a trading volume of 3,897,504 shares, compared to its average volume of 3,717,587. The stock has a 50-day moving average of $25.20 and a 200 day moving average of $23.56. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 76.80 and a beta of 0.75. 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 posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.23. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. During the same period in the prior year, the company earned $0.01 EPS. The company's revenue was up 28.6% on a year-over-year basis. As a group, sell-side analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Monday, March 3rd. Pan American Silver's payout ratio is currently 125.00%.

About Pan American Silver

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.