Charles Schwab Investment Management Inc. Cuts Holdings in Pan American Silver Corp. (NYSE:PAAS)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 877,866 shares of the basic materials company's stock after selling 27,608 shares during the period. Charles Schwab Investment Management Inc. owned 0.24% of Pan American Silver worth $17,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA purchased a new stake in Pan American Silver during the 4th quarter worth about $27,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Pan American Silver in the 4th quarter valued at about $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver in the 3rd quarter valued at about $32,000. Decker Retirement Planning Inc. purchased a new stake in shares of Pan American Silver in the 4th quarter valued at about $32,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Pan American Silver in the 4th quarter valued at about $43,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PAAS shares. TD Securities downgraded Pan American Silver from a "buy" rating to a "hold" rating and reduced their target price for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. StockNews.com downgraded Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Scotiabank boosted their target price on Pan American Silver from $28.00 to $28.50 and gave the company a "sector outperform" rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada boosted their target price on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Pan American Silver currently has an average rating of "Hold" and a consensus price target of $27.92.

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Pan American Silver Stock Performance

PAAS stock traded down $0.67 during trading on Friday, hitting $25.73. The company had a trading volume of 4,101,366 shares, compared to its average volume of 3,815,780. The firm has a market cap of $9.32 billion, a PE ratio of 80.42 and a beta of 1.25. Pan American Silver Corp. has a 1-year low of $13.91 and a 1-year high of $27.47. The firm has a 50-day moving average price of $23.97 and a 200-day moving average price of $22.60. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $815.10 million for the quarter, compared to analysts' expectations of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. On average, analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.55%. The ex-dividend date was Monday, March 3rd. Pan American Silver's payout ratio is 125.00%.

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.