Centiva Capital LP Purchases New Shares in Pan American Silver Corp. (NYSE:PAAS)

Centiva Capital LP acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 62,888 shares of the basic materials company's stock, valued at approximately $1,312,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new position in Pan American Silver during the third quarter worth about $146,000. Mark Sheptoff Financial Planning LLC boosted its holdings in Pan American Silver by 102.5% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company's stock worth $70,000 after buying an additional 1,700 shares during the period. Verition Fund Management LLC purchased a new position in Pan American Silver in the 3rd quarter valued at approximately $1,340,000. FMR LLC raised its holdings in Pan American Silver by 1,834.8% during the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company's stock valued at $28,084,000 after acquiring an additional 1,275,475 shares during the period. Finally, Qsemble Capital Management LP purchased a new stake in shares of Pan American Silver during the third quarter worth $692,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on PAAS. StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday. Jefferies Financial Group boosted their price target on shares of Pan American Silver from $21.00 to $23.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Finally, Royal Bank of Canada increased their price objective on Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $25.42.

Pan American Silver Price Performance

PAAS traded up $0.15 during trading on Thursday, reaching $22.77. The stock had a trading volume of 2,377,407 shares, compared to its average volume of 4,038,271. The business has a 50-day moving average of $22.58 and a 200-day moving average of $21.52. Pan American Silver Corp. has a one year low of $12.16 and a one year high of $26.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. The stock has a market cap of $8.27 billion, a PE ratio of -133.05 and a beta of 1.28.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.76%. The ex-dividend date was Monday, November 18th. Pan American Silver's dividend payout ratio is presently -235.28%.

Pan American Silver Company Profile

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.