Credit Suisse AG cut its holdings in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 7.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 810,603 shares of the basic materials company’s stock after selling 67,627 shares during the period. Credit Suisse AG’s holdings in Pan American Silver were worth $11,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in Pan American Silver by 25.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 152,687 shares of the basic materials company’s stock valued at $2,699,000 after purchasing an additional 30,748 shares during the period. Tocqueville Asset Management L.P. lifted its position in Pan American Silver by 0.9% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 4,724,126 shares of the basic materials company’s stock valued at $84,562,000 after purchasing an additional 40,000 shares during the period. Gamco Investors INC. ET AL acquired a new position in Pan American Silver during the 2nd quarter valued at about $297,000. Schroder Investment Management Group lifted its position in Pan American Silver by 27.3% during the 2nd quarter. Schroder Investment Management Group now owns 222,803 shares of the basic materials company’s stock valued at $3,912,000 after purchasing an additional 47,793 shares during the period. Finally, Van ECK Associates Corp lifted its position in Pan American Silver by 6.7% during the 2nd quarter. Van ECK Associates Corp now owns 19,339,618 shares of the basic materials company’s stock valued at $346,179,000 after purchasing an additional 1,221,920 shares during the period. Institutional investors own 51.25% of the company’s stock.

Shares of PAAS stock opened at $13.84 on Friday. The stock has a market capitalization of $2.03 billion, a PE ratio of 27.14, a P/E/G ratio of 7.47 and a beta of 0.18. Pan American Silver Corp. has a one year low of $12.12 and a one year high of $18.75.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Tuesday, November 6th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). The company had revenue of $187.70 million during the quarter, compared to the consensus estimate of $193.93 million. Pan American Silver had a net margin of 14.75% and a return on equity of 5.15%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.15 earnings per share. On average, sell-side analysts predict that Pan American Silver Corp. will post 0.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Monday, November 19th were paid a $0.035 dividend. The ex-dividend date of this dividend was Friday, November 16th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.01%. Pan American Silver’s dividend payout ratio (DPR) is presently 27.45%.

A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research report on Tuesday, November 20th. ValuEngine upgraded shares of Pan American Silver from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Bank of America downgraded shares of Pan American Silver from a “neutral” rating to an “underperform” rating and cut their target price for the company from $16.70 to $12.75 in a research report on Monday, November 19th. Finally, Royal Bank of Canada downgraded shares of Pan American Silver from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $19.00 to $17.00 in a research report on Thursday, November 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.09.

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Pan American Silver Company Profile

Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.

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

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