Pan American Silver Corp. $PAAS Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,509,064 shares of the basic materials company’s stock after selling 68,701 shares during the period. Dimensional Fund Advisors LP’s holdings in Pan American Silver were worth $191,641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PAAS. Parallel Advisors LLC boosted its holdings in Pan American Silver by 103.1% during the first quarter. Parallel Advisors LLC now owns 1,310 shares of the basic materials company’s stock worth $72,000 after buying an additional 665 shares in the last quarter. AlphaCentric Advisors LLC acquired a new stake in shares of Pan American Silver during the 1st quarter valued at $51,000. SEB Asset Management AB bought a new stake in shares of Pan American Silver during the 1st quarter worth $3,327,000. Swiss National Bank grew its holdings in shares of Pan American Silver by 27.0% in the 1st quarter. Swiss National Bank now owns 1,420,702 shares of the basic materials company’s stock worth $77,605,000 after acquiring an additional 302,100 shares during the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in shares of Pan American Silver during the first quarter worth $523,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Trading Down 0.4%

Pan American Silver stock opened at $44.03 on Friday. The company’s fifty day simple moving average is $48.07 and its 200-day simple moving average is $54.17. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 12 month low of $26.76 and a 12 month high of $69.99. The stock has a market cap of $18.36 billion, a P/E ratio of 14.16, a P/E/G ratio of 3.91 and a beta of 0.72.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the firm earned $0.42 earnings per share. The business’s revenue for the quarter was up 49.3% on a year-over-year basis. As a group, sell-side analysts forecast that Pan American Silver Corp. will post 4.02 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.6%. Pan American Silver’s dividend payout ratio (DPR) is currently 23.15%.

Wall Street Analyst Weigh In

Several brokerages have commented on PAAS. Bank of America decreased their target price on shares of Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Wall Street Zen downgraded shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Scotiabank reaffirmed an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and boosted their target price for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Finally, Weiss Ratings downgraded Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and a consensus price target of $70.43.

Pan American Silver Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.