Cambridge Investment Research Advisors Inc. Sells 29,188 Shares of Pan American Silver Corp. (NYSE:PAAS)

Cambridge Investment Research Advisors Inc. decreased its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 54.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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.

Several other institutional investors have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in Pan American Silver during the fourth quarter valued at about $32,000. Farther Finance Advisors LLC grew its position in Pan American Silver by 164.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after buying an additional 1,209 shares during the period. SBI Securities Co. Ltd. bought a new position in Pan American Silver during the fourth quarter valued at about $43,000. Jones Financial Companies Lllp boosted its position in Pan American Silver by 23.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock worth $58,000 after purchasing an additional 549 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in Pan American Silver during the fourth quarter worth about $118,000. Institutional investors own 55.43% of the company's stock.

Wall Street Analyst Weigh In

PAAS has been the subject of a number of research reports. BMO Capital Markets initiated coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating for the company. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. CIBC increased their price target on shares of Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a report on Thursday, May 8th. Finally, Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Four 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 MarketBeat.com, Pan American Silver has a consensus rating of "Moderate Buy" and an average target price of $30.60.

Pan American Silver Price Performance

PAAS traded up $0.01 on Thursday, reaching $28.84. The company had a trading volume of 835,766 shares, compared to its average volume of 3,963,827. The business has a 50 day simple moving average of $26.54 and a 200 day simple moving average of $24.83. The company has a market cap of $10.44 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 0.50 and a beta of 0.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.94 and a current ratio of 2.93. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $29.66.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results 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. The business had revenue of $773.20 million for the quarter, compared to the consensus estimate of $696.62 million. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. Pan American Silver's quarterly revenue was up 28.6% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. As a group, sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.

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.