TD Asset Management Inc. increased its stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 1,226,602 shares of the basic materials company’s stock after buying an additional 15,400 shares during the period. TD Asset Management Inc.’s holdings in Pan American Silver Corp. were worth $20,599,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PAAS. Bennicas & Associates Inc. increased its stake in shares of Pan American Silver Corp. by 1.3% in the first quarter. Bennicas & Associates Inc. now owns 79,450 shares of the basic materials company’s stock valued at $1,392,000 after buying an additional 1,000 shares during the period. WFG Advisors LP increased its stake in shares of Pan American Silver Corp. by 6.8% in the first quarter. WFG Advisors LP now owns 16,129 shares of the basic materials company’s stock valued at $283,000 after buying an additional 1,020 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Pan American Silver Corp. by 21.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,560 shares of the basic materials company’s stock valued at $237,000 after buying an additional 2,422 shares during the period. Swiss National Bank increased its stake in shares of Pan American Silver Corp. by 1.0% in the first quarter. Swiss National Bank now owns 254,600 shares of the basic materials company’s stock valued at $4,457,000 after buying an additional 2,600 shares during the period. Finally, Aperio Group LLC increased its stake in shares of Pan American Silver Corp. by 1.7% in the second quarter. Aperio Group LLC now owns 178,762 shares of the basic materials company’s stock valued at $3,007,000 after buying an additional 2,955 shares during the period. Institutional investors and hedge funds own 49.98% of the company’s stock.

Pan American Silver Corp. (NASDAQ:PAAS) opened at 17.59 on Friday. The firm has a 50-day moving average price of $16.54 and a 200-day moving average price of $17.49. Pan American Silver Corp. has a 52 week low of $13.80 and a 52 week high of $21.59. The company has a market cap of $2.69 billion, a P/E ratio of 22.49 and a beta of 0.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, August 9th. The basic materials company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.06. The business had revenue of $201.30 million during the quarter, compared to analyst estimates of $184.96 million. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. Equities research analysts anticipate that Pan American Silver Corp. will post $0.48 EPS for the current fiscal year.

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

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Several equities research analysts recently issued reports on the company. BidaskClub downgraded Pan American Silver Corp. from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research downgraded Pan American Silver Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. TheStreet downgraded Pan American Silver Corp. from a “b-” rating to a “c+” rating in a report on Friday, July 28th. FBR & Co upped their price target on Pan American Silver Corp. from $20.00 to $22.00 and gave the stock a “mkt perform” rating in a report on Friday, May 12th. Finally, Royal Bank Of Canada set a $22.00 price target on Pan American Silver Corp. and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Pan American Silver Corp. has an average rating of “Hold” and a consensus price target 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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