XTX Topco Ltd Purchases Shares of 59,001 Pan American Silver Corp. (NYSE:PAAS)

XTX Topco Ltd purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,001 shares of the basic materials company's stock, valued at approximately $1,231,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Eastern Bank bought a new stake in shares of Pan American Silver during the third quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC increased its stake in Pan American Silver by 943.4% in the second 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 in the last quarter. CWM LLC boosted its holdings in shares of Pan American Silver by 31.6% in the second quarter. CWM LLC now owns 2,124 shares of the basic materials company's stock valued at $42,000 after buying an additional 510 shares during the period. US Bancorp DE boosted its holdings in shares of Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company's stock valued at $117,000 after buying an additional 660 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Pan American Silver in the third quarter valued at approximately $146,000. 55.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PAAS has been the subject of several recent research reports. Jefferies Financial Group increased their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a report on Friday, October 4th. StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Finally, Royal Bank of Canada increased 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $25.42.

Pan American Silver Trading Down 0.8 %

Pan American Silver stock traded down $0.18 during mid-day trading on Tuesday, hitting $23.10. 2,436,352 shares of the stock were exchanged, compared to its average volume of 4,026,509. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $26.05. The firm's fifty day simple moving average is $22.65 and its two-hundred day simple moving average is $21.54. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of -136.93 and a beta of 1.28.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.73%. Pan American Silver's payout ratio is -235.28%.

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.