Commonwealth Equity Services LLC Has $1.39 Million Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Commonwealth Equity Services LLC lowered its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 22.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,593 shares of the basic materials company's stock after selling 19,524 shares during the period. Commonwealth Equity Services LLC's holdings in Pan American Silver were worth $1,387,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA acquired a new stake in Pan American Silver during the fourth quarter worth about $27,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver during the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pan American Silver in the 3rd quarter worth approximately $32,000. Decker Retirement Planning Inc. acquired a new position in Pan American Silver during the 4th quarter valued at approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Pan American Silver during the 4th quarter worth $32,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PAAS. Scotiabank boosted their price target on shares of Pan American Silver from $28.00 to $28.50 and gave the company a "sector outperform" rating in a report on Tuesday, February 25th. Royal Bank of Canada increased their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. TD Securities downgraded Pan American Silver from a "buy" rating to a "hold" rating and cut their target price for the company from $28.00 to $27.00 in a research note on Tuesday, March 11th. Finally, StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $27.92.

Remove Ads

Pan American Silver Stock Down 5.9 %

Shares of NYSE PAAS traded down $1.54 during trading hours on Thursday, hitting $24.44. The stock had a trading volume of 5,030,125 shares, compared to its average volume of 3,821,847. The firm's 50-day moving average price is $24.74 and its two-hundred day moving average price is $22.97. Pan American Silver Corp. has a 52 week low of $16.55 and a 52 week high of $27.47. The company has a market capitalization of $8.85 billion, a P/E ratio of 76.36 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50.

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

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. Pan American Silver's payout ratio 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.