Donald Smith & CO. Inc. Has $4.04 Million Holdings in Pan American Silver Corp. (PAAS)

Donald Smith & CO. Inc. trimmed its stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 78.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 237,138 shares of the basic materials company’s stock after selling 871,923 shares during the quarter. Donald Smith & CO. Inc. owned approximately 0.15% of Pan American Silver Corp. worth $4,043,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PAAS. BT Investment Management Ltd bought a new position in Pan American Silver Corp. in the second quarter valued at approximately $120,085,000. Van ECK Associates Corp boosted its stake in shares of Pan American Silver Corp. by 59.6% during the 2nd quarter. Van ECK Associates Corp now owns 17,773,808 shares of the basic materials company’s stock worth $298,955,000 after acquiring an additional 6,640,625 shares during the period. AJO LP bought a new position in shares of Pan American Silver Corp. during the 2nd quarter worth approximately $12,239,000. JPMorgan Chase & Co. boosted its stake in shares of Pan American Silver Corp. by 452.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 431,069 shares of the basic materials company’s stock worth $7,251,000 after acquiring an additional 353,037 shares during the period. Finally, Ninepoint Partners LP bought a new position in shares of Pan American Silver Corp. during the 3rd quarter worth approximately $5,174,000. Hedge funds and other institutional investors own 53.24% of the company’s stock.

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Pan American Silver Corp. (NASDAQ:PAAS) traded up $0.36 during trading hours on Thursday, reaching $15.56. The company had a trading volume of 1,450,600 shares, compared to its average volume of 1,790,065. The firm has a market cap of $2,420.00, a PE ratio of 31.67, a P/E/G ratio of 7.81 and a beta of 0.15. Pan American Silver Corp. has a 1-year low of $14.05 and a 1-year high of $21.29.

Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The business had revenue of $190.79 million during the quarter, compared to analysts’ expectations of $199.43 million. Pan American Silver Corp. had a return on equity of 5.12% and a net margin of 12.23%. The firm’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period last year, the firm posted $0.24 EPS. equities analysts forecast that Pan American Silver Corp. will post 0.49 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be issued a dividend of $0.025 per share. The ex-dividend date is Friday, November 17th. This represents a $0.10 annualized dividend and a yield of 0.64%. Pan American Silver Corp.’s payout ratio is currently 16.39%.

Several research analysts have recently commented on PAAS shares. Canaccord Genuity reiterated a “buy” rating and set a $23.00 target price on shares of Pan American Silver Corp. in a research note on Friday, October 6th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Pan American Silver Corp. in a research note on Thursday, September 7th. BidaskClub downgraded Pan American Silver Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Citigroup Inc. upgraded Pan American Silver Corp. to an “outperform” rating in a research note on Tuesday. Finally, Raymond James Financial, Inc. downgraded Pan American Silver Corp. from an “outperform” rating to a “market perform” rating and set a $20.50 target price for the company. in a research note on Friday, September 8th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Pan American Silver Corp. has a consensus rating of “Buy” and an average target price of $21.59.

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.

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

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