Trexquant Investment LP Buys 117,616 Shares of Pan American Silver Corp. (NYSE:PAAS)

Trexquant Investment LP grew its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 64.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 299,321 shares of the basic materials company's stock after purchasing an additional 117,616 shares during the quarter. Trexquant Investment LP owned approximately 0.08% of Pan American Silver worth $6,052,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAAS. Norges Bank bought a new stake in Pan American Silver during the 4th quarter worth approximately $91,916,000. FMR LLC grew its stake in shares of Pan American Silver by 1,834.8% in the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company's stock worth $28,084,000 after purchasing an additional 1,275,475 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Pan American Silver in the fourth quarter valued at $24,083,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Pan American Silver by 135.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,062,315 shares of the basic materials company's stock worth $21,463,000 after purchasing an additional 611,545 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Pan American Silver by 32.2% during the 4th quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company's stock worth $40,776,000 after buying an additional 494,133 shares during the period. 55.43% of the stock is currently owned by institutional investors.

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Pan American Silver Stock Up 1.3 %

PAAS traded up $0.31 during midday trading on Thursday, hitting $24.72. The company had a trading volume of 2,382,806 shares, compared to its average volume of 3,775,965. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 77.16 and a beta of 1.06. The stock's 50 day moving average price is $24.73 and its 200 day moving average price is $23.04. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 52 week low of $17.86 and a 52 week high of $27.47.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business had revenue of $815.10 million for the quarter, compared to the consensus estimate of $805.20 million. On average, research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.62%. The ex-dividend date was Monday, March 3rd. Pan American Silver's payout ratio is currently 125.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. TD Securities downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating and lowered their target price for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Finally, Scotiabank upped their price target on shares of Pan American Silver from $28.00 to $28.50 and gave the company a "sector outperform" rating in a research report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Pan American Silver has an average rating of "Moderate Buy" and an average price target of $27.92.

Pan American Silver 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.