Virtu Financial LLC trimmed its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 70.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,001 shares of the basic materials company's stock after selling 25,872 shares during the period. Virtu Financial LLC's holdings in Pan American Silver were worth $222,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Pan American Silver by 1,834.8% in the 3rd 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 position in Pan American Silver in the fourth quarter valued at about $24,083,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Pan American Silver by 135.7% during the fourth 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 buying an additional 611,545 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Pan American Silver during the fourth quarter worth approximately $6,834,000. Finally, National Bank of Canada FI raised its stake in shares of Pan American Silver by 30.1% in the third quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company's stock valued at $23,857,000 after acquiring an additional 264,772 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
PAAS has been the topic of a number of research analyst reports. StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a research report on Wednesday. TD Securities cut Pan American Silver from a "buy" rating to a "hold" rating and decreased their target price for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Royal Bank of Canada lifted their price target on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Finally, Scotiabank increased their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $27.92.
View Our Latest Report on PAAS
Pan American Silver Trading Up 1.4 %
Shares of PAAS stock traded up $0.36 on Wednesday, reaching $25.96. 3,033,481 shares of the stock were exchanged, compared to its average volume of 3,845,762. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. Pan American Silver Corp. has a one year low of $15.86 and a one year high of $27.47. The stock has a market cap of $9.40 billion, a PE ratio of 81.13 and a beta of 1.25. The stock has a 50 day moving average price of $24.69 and a 200 day moving average price of $22.96.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $815.10 million during the quarter, compared to analysts' expectations of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. Equities research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.
Pan American Silver Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. Pan American Silver's payout ratio is presently 125.00%.
Pan American Silver Company Profile
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Free Report)
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.
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