Cheviot Value Management LLC cut its stake in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 0.5% during the first quarter, Holdings Channel reports. The institutional investor owned 237,998 shares of the basic materials company’s stock after selling 1,295 shares during the period. Pan American Silver Corp. accounts for about 2.3% of Cheviot Value Management LLC’s holdings, making the stock its 15th largest position. Cheviot Value Management LLC’s holdings in Pan American Silver Corp. were worth $4,170,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PAAS. Gideon Capital Advisors Inc. acquired a new position in shares of Pan American Silver Corp. during the fourth quarter valued at $156,000. Seven Eight Capital LP acquired a new position in shares of Pan American Silver Corp. during the fourth quarter valued at $158,000. Moloney Securities Asset Management LLC acquired a new position in shares of Pan American Silver Corp. during the fourth quarter valued at $163,000. SG Americas Securities LLC acquired a new position in shares of Pan American Silver Corp. during the first quarter valued at $164,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Pan American Silver Corp. by 11.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,014 shares of the basic materials company’s stock valued at $167,000 after buying an additional 1,167 shares in the last quarter. Hedge funds and other institutional investors own 46.26% of the company’s stock.

Institutional Ownership by Quarter for Pan American Silver Corp. (NASDAQ:PAAS)

Pan American Silver Corp. (PAAS) opened at 17.40 on Wednesday. Pan American Silver Corp. has a one year low of $13.80 and a one year high of $21.59. The stock’s 50 day moving average price is $17.32 and its 200 day moving average price is $17.45. The firm has a market capitalization of $2.66 billion, a PE ratio of 22.51 and a beta of 0.55.

Pan American Silver Corp. (NASDAQ:PAAS) last issued its quarterly earnings data on Tuesday, May 9th. The basic materials company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.02. Pan American Silver Corp. had a positive return on equity of 3.22% and a negative net margin of 7.23%. The business had revenue of $198.70 million for the quarter, compared to analysts’ expectations of $179.02 million. During the same period last year, the business earned $0.02 earnings per share. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. Analysts expect that Pan American Silver Corp. will post $0.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 5th. Stockholders of record on Tuesday, May 23rd will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Friday, May 19th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.57%. Pan American Silver Corp.’s dividend payout ratio (DPR) is -13.51%.

TRADEMARK VIOLATION WARNING: “Cheviot Value Management LLC Reduces Position in Pan American Silver Corp. (PAAS)” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.watchlistnews.com/cheviot-value-management-llc-reduces-position-in-pan-american-silver-corp-paas/1321418.html.

Several brokerages recently weighed in on PAAS. FBR & Co lifted their price target on Pan American Silver Corp. from $20.00 to $22.00 and gave the company a “mkt perform” rating in a research note on Friday, May 12th. Zacks Investment Research upgraded Pan American Silver Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Wednesday, May 3rd. CSFB began coverage on Pan American Silver Corp. in a research note on Thursday, April 13th. They issued a “neutral” rating for the company. Vetr upgraded Pan American Silver Corp. from a “sell” rating to a “hold” rating and set a $20.50 price target for the company in a research note on Tuesday, February 7th. Finally, Scotiabank lifted their price target on Pan American Silver Corp. from $20.00 to $20.50 and gave the company a “sector perform” rating in a research note on Thursday, March 23rd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $19.85.

Pan American Silver Corp. Company Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Want to see what other hedge funds are holding PAAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS).

Receive News & Ratings for Pan American Silver Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.