Charles Schwab Investment Management Inc. Cuts Stock Holdings in Pan American Silver Corp. $PAAS

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in Pan American Silver Corp. by 4.5%, now owning 838,306 shares worth approximately $21.65 million.
• Substantial increases in holdings were observed among other institutional investors, including Hsbc Holdings PLC, which lifted its stakes by 661.2%, now owning 1,307,617 shares valued at $26.3 million.
• Pan American Silver recently announced a quarterly dividend increase from $0.10 to $0.12 per share, reflecting a 1.5% annual yield and a payout ratio of 33.10%.

Charles Schwab Investment Management Inc. decreased its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 838,306 shares of the basic materials company's stock after selling 39,560 shares during the period. Charles Schwab Investment Management Inc. owned about 0.23% of Pan American Silver worth $21,650,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. purchased a new stake in Pan American Silver during the 1st quarter valued at $399,000. Vanguard Group Inc. increased its position in Pan American Silver by 1.0% during the first quarter. Vanguard Group Inc. now owns 14,146,213 shares of the basic materials company's stock valued at $365,397,000 after acquiring an additional 138,028 shares during the last quarter. Blair William & Co. IL lifted its holdings in Pan American Silver by 4.3% in the first quarter. Blair William & Co. IL now owns 21,718 shares of the basic materials company's stock valued at $561,000 after acquiring an additional 900 shares during the period. Cheviot Value Management LLC lifted its holdings in Pan American Silver by 2.2% in the first quarter. Cheviot Value Management LLC now owns 198,624 shares of the basic materials company's stock valued at $4,749,000 after acquiring an additional 4,242 shares during the period. Finally, SCP Investment LP purchased a new position in Pan American Silver in the first quarter worth about $253,000. Institutional investors own 55.43% of the company's stock.

Analysts Set New Price Targets

PAAS has been the subject of several research reports. Wall Street Zen lowered shares of Pan American Silver from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. TD Securities reduced their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a report on Thursday, May 22nd. CIBC reiterated an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 15th. Finally, Zacks Research downgraded shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Pan American Silver presently has an average rating of "Hold" and a consensus price target of $31.40.

Pan American Silver Stock Performance

Pan American Silver stock traded up $0.60 during midday trading on Friday, hitting $32.64. The stock had a trading volume of 4,242,176 shares, compared to its average volume of 4,680,693. Pan American Silver Corp. has a 52-week low of $18.50 and a 52-week high of $32.82. The company has a market capitalization of $11.81 billion, a PE ratio of 22.51, a P/E/G ratio of 0.44 and a beta of 0.60. The firm's fifty day moving average is $29.51 and its two-hundred day moving average is $26.68. The company has a current ratio of 3.05, a quick ratio of 2.11 and a debt-to-equity ratio of 0.15.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. The business had revenue of $811.90 million during the quarter, compared to analyst estimates of $782.12 million. Pan American Silver had a net margin of 16.80% and a return on equity of 11.49%. The company's revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. On average, research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, August 18th. This is a boost from Pan American Silver's previous quarterly dividend of $0.10. Pan American Silver's dividend payout ratio (DPR) is currently 33.10%.

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.