Vanguard Group Inc. boosted its position in shares of Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 3.5% during the first quarter, Holdings Channel reports. The institutional investor owned 2,738,973 shares of the basic materials company’s stock after buying an additional 91,617 shares during the period. Vanguard Group Inc.’s holdings in Pan American Silver Corp. were worth $47,986,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its stake in Pan American Silver Corp. by 115.1% in the first quarter. Mackenzie Financial Corp now owns 70,350 shares of the basic materials company’s stock worth $1,233,000 after buying an additional 37,650 shares in the last quarter. Global X Management Co. LLC boosted its stake in Pan American Silver Corp. by 16.4% in the first quarter. Global X Management Co. LLC now owns 1,236,593 shares of the basic materials company’s stock worth $21,658,000 after buying an additional 174,139 shares in the last quarter. Royal Bank of Scotland Group PLC purchased a new stake in Pan American Silver Corp. during the first quarter worth approximately $307,000. Investec Asset Management LTD boosted its stake in Pan American Silver Corp. by 11.2% in the first quarter. Investec Asset Management LTD now owns 3,050,213 shares of the basic materials company’s stock worth $53,440,000 after buying an additional 308,401 shares in the last quarter. Finally, FMR LLC boosted its stake in Pan American Silver Corp. by 2.2% in the first quarter. FMR LLC now owns 3,539,837 shares of the basic materials company’s stock worth $62,018,000 after buying an additional 74,700 shares in the last quarter. Institutional investors and hedge funds own 49.98% of the company’s stock.

Shares of Pan American Silver Corp. (NASDAQ PAAS) traded up 0.79% during trading on Friday, reaching $17.78. 450,384 shares of the company were exchanged. The stock’s 50-day moving average is $16.53 and its 200-day moving average is $17.50. Pan American Silver Corp. has a 52-week low of $13.80 and a 52-week high of $21.59. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 22.74 and a beta of 0.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. Pan American Silver Corp. had a net margin of 14.62% and a return on equity of 6.23%. The firm had revenue of $201.30 million during the quarter, compared to the consensus estimate of $184.96 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts predict that Pan American Silver Corp. will post $0.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 21st will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.57%. The ex-dividend date is Thursday, August 17th. Pan American Silver Corp.’s dividend payout ratio (DPR) is currently 12.82%.

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A number of research firms recently commented on PAAS. Royal Bank Of Canada set a $22.00 price objective on shares of Pan American Silver Corp. and gave the company a “buy” rating in a research report on Thursday. BidaskClub cut shares of Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday. TheStreet cut shares of Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Pan American Silver Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $17.50 target price on shares of Pan American Silver Corp. in a research note on Thursday, June 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Pan American Silver Corp. presently has a consensus rating of “Hold” and an average target price of $19.83.

About Pan American Silver Corp.

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.

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

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