Schroder Investment Management Group lifted its stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 61.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 757,410 shares of the basic materials company’s stock after buying an additional 288,615 shares during the period. Schroder Investment Management Group owned approximately 0.49% of Pan American Silver Corp. worth $12,831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PAAS. SG Americas Securities LLC purchased a new stake in shares of Pan American Silver Corp. in the first quarter worth about $164,000. Sigma Planning Corp purchased a new stake in shares of Pan American Silver Corp. in the second quarter worth about $181,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Pan American Silver Corp. in the second quarter worth about $189,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 worth $237,000 after buying an additional 2,422 shares during the period. Finally, Freestone Capital Holdings LLC purchased a new stake in shares of Pan American Silver Corp. in the second quarter worth about $271,000. 53.91% of the stock is owned by institutional investors.

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Pan American Silver Corp. (NASDAQ PAAS) opened at 17.76 on Friday. The company has a 50-day moving average price of $17.68 and a 200-day moving average price of $17.23. The stock has a market cap of $2.72 billion, a P/E ratio of 22.71 and a beta of 0.23. Pan American Silver Corp. has a one year low of $13.80 and a one year high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.06. The company had revenue of $201.30 million for the quarter, compared to the consensus estimate of $184.96 million. Pan American Silver Corp. had a return on equity of 6.16% and a net margin of 14.62%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. On average, analysts anticipate that Pan American Silver Corp. will post $0.53 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 21st were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, August 17th. Pan American Silver Corp.’s dividend payout ratio is currently 12.82%.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Canaccord Genuity reaffirmed a “buy” rating and issued a $22.00 target price on shares of Pan American Silver Corp. in a research report on Thursday, September 7th. TheStreet downgraded Pan American Silver Corp. from a “b-” rating to a “c+” rating in a research report on Friday, July 28th. BidaskClub downgraded Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada set a $22.00 target price on Pan American Silver Corp. and gave the stock a “buy” rating in a research report on Thursday, August 10th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Pan American Silver Corp. presently has an average rating of “Hold” and an average target price of $21.10.

Pan American Silver Corp. 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.

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

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