Cambridge Investment Research Advisors Inc. Trims Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Cambridge Investment Research Advisors Inc. trimmed its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 54.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,780 shares of the basic materials company's stock after selling 29,188 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Pan American Silver were worth $640,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Pan American Silver by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company's stock worth $283,385,000 after acquiring an additional 221,561 shares during the last quarter. FIL Ltd raised its holdings in shares of Pan American Silver by 4.6% in the fourth quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company's stock worth $270,848,000 after acquiring an additional 584,017 shares during the last quarter. Norges Bank acquired a new position in shares of Pan American Silver in the fourth quarter worth $91,916,000. Ameriprise Financial Inc. increased its stake in Pan American Silver by 18.3% in the fourth quarter. Ameriprise Financial Inc. now owns 3,146,182 shares of the basic materials company's stock valued at $63,658,000 after purchasing an additional 486,622 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Pan American Silver by 32.2% in the fourth quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company's stock valued at $40,776,000 after purchasing an additional 494,133 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Trading Up 3.4%

NYSE:PAAS traded up $0.99 on Friday, hitting $30.33. 7,831,073 shares of the stock were exchanged, compared to its average volume of 3,986,115. Pan American Silver Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $30.48. The stock has a fifty day moving average of $26.79 and a 200-day moving average of $24.98. The company has a current ratio of 2.93, a quick ratio of 1.94 and a debt-to-equity ratio of 0.16. The stock has a market cap of $10.98 billion, a PE ratio of 34.86, a PEG ratio of 0.53 and a beta of 0.67.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its 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 return on equity of 9.25% and a net margin of 10.45%. The company had revenue of $773.20 million during the quarter, compared to the consensus estimate of $696.62 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. The company's revenue was up 28.6% compared to the same quarter last year. As a group, equities analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's payout ratio is 45.98%.

Wall Street Analyst Weigh In

Several research firms recently commented on PAAS. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. BMO Capital Markets assumed coverage on Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating for the company. TD Securities dropped their price target on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Finally, Wall Street Zen upgraded Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.60.

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.