Charles Schwab Investment Management Inc. Sells 27,608 Shares of Pan American Silver Corp. (NYSE:PAAS)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 3.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 877,866 shares of the basic materials company’s stock after selling 27,608 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Pan American Silver were worth $17,751,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Steward Partners Investment Advisory LLC raised its stake in shares of Pan American Silver by 18.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 18,504 shares of the basic materials company’s stock worth $374,000 after buying an additional 2,902 shares during the last quarter. DJE Kapital AG bought a new stake in shares of Pan American Silver during the fourth quarter worth approximately $3,039,000. SBI Securities Co. Ltd. bought a new stake in shares of Pan American Silver during the fourth quarter worth approximately $43,000. Jones Financial Companies Lllp raised its stake in shares of 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 buying an additional 549 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Pan American Silver during the fourth quarter worth approximately $53,000. 55.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

PAAS has been the subject of a number of recent research reports. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Scotiabank upped their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Tuesday, February 25th. TD Securities downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating and lowered their target price for the company from $28.00 to $27.00 in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada upped their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.92.

Pan American Silver Stock Down 0.3 %

Pan American Silver stock opened at $26.52 on Thursday. The stock has a market capitalization of $9.61 billion, a PE ratio of 82.89 and a beta of 1.25. Pan American Silver Corp. has a twelve month low of $13.52 and a twelve month high of $27.47. 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 50 day moving average of $23.79 and a 200-day moving average of $22.51.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $815.10 million during the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. On average, equities research 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 declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

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.