Cheviot Value Management LLC Sells 11,081 Shares of Pan American Silver Corp. (NYSE:PAAS)

Cheviot Value Management LLC trimmed its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 5.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 192,430 shares of the basic materials company’s stock after selling 11,081 shares during the quarter. Pan American Silver makes up about 0.8% of Cheviot Value Management LLC’s holdings, making the stock its 27th largest holding. Cheviot Value Management LLC’s holdings in Pan American Silver were worth $4,016,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eastern Bank bought a new stake in Pan American Silver during the third quarter valued at about $28,000. Mark Sheptoff Financial Planning LLC raised its stake in Pan American Silver by 943.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,500 shares during the period. CWM LLC lifted its holdings in Pan American Silver by 31.6% in the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 510 shares in the last quarter. US Bancorp DE boosted its stake in Pan American Silver by 13.4% in the 3rd quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock worth $117,000 after purchasing an additional 660 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in Pan American Silver during the 3rd quarter valued at approximately $146,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Up 1.2 %

Shares of PAAS opened at $21.97 on Monday. The stock has a market capitalization of $7.98 billion, a PE ratio of -129.23 and a beta of 1.33. The company’s fifty day moving average is $22.55 and its 200 day moving average is $21.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $26.05.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Monday, November 18th. Pan American Silver’s dividend payout ratio is -235.28%.

Analyst Upgrades and Downgrades

PAAS has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Jefferies Financial Group raised their price objective on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average target price of $25.42.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.