Flow Traders U.S. LLC trimmed its holdings in Pan American Silver Corp. (NASDAQ:PAAS – Get Rating) (TSE:PAAS) by 61.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 10,520 shares of the basic materials company’s stock after selling 16,662 shares during the period. Flow Traders U.S. LLC’s holdings in Pan American Silver were worth $167,000 at the end of the most recent quarter.
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Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its position in shares of Pan American Silver by 1,220.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,320 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 1,220 shares during the last quarter. Forsta AP Fonden acquired a new stake in shares of Pan American Silver during the second quarter valued at about $41,000. Sentry Investment Management LLC purchased a new stake in shares of Pan American Silver in the 3rd quarter valued at approximately $37,000. FMR LLC lifted its holdings in shares of Pan American Silver by 123.1% in the 2nd quarter. FMR LLC now owns 2,441 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,347 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Pan American Silver by 218.0% during the 2nd quarter. US Bancorp DE now owns 2,477 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 1,698 shares during the period. Institutional investors and hedge funds own 44.11% of the company’s stock.
Pan American Silver Trading Up 1.0 %
PAAS stock opened at $15.22 on Friday. The business’s 50-day moving average is $17.07 and its two-hundred day moving average is $16.29. The company has a quick ratio of 0.87, a current ratio of 2.11 and a debt-to-equity ratio of 0.09. Pan American Silver Corp. has a 1 year low of $13.40 and a 1 year high of $30.56.
Pan American Silver (NASDAQ:PAAS – Get Rating) (TSE:PAAS) last issued its earnings results on Thursday, February 23rd. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). Pan American Silver had a negative net margin of 22.82% and a positive return on equity of 0.74%. The firm had revenue of $375.43 million during the quarter, compared to analyst estimates of $409.65 million. During the same period last year, the business earned $0.19 EPS. The firm’s revenue was down 11.1% compared to the same quarter last year. On average, equities research analysts anticipate that Pan American Silver Corp. will post 0.68 EPS for the current fiscal year.
Pan American Silver Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Monday, March 6th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.63%. Pan American Silver’s payout ratio is currently -24.54%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. TD Securities decreased their price target on Pan American Silver from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, February 24th. StockNews.com lowered Pan American Silver from a “hold” rating to a “sell” rating in a research note on Friday, February 17th. National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Pan American Silver in a research report on Tuesday, February 28th. Finally, Royal Bank of Canada raised shares of Pan American Silver from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $19.00 to $22.00 in a research report on Wednesday, January 11th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Pan American Silver presently has an average rating of “Moderate Buy” and an average price target of $27.30.
Pan American Silver Profile
Pan American Silver Corp. engages in the operation and development of, and exploration for silver and gold producing properties and assets. The firm operates through the Silver and Gold segments. The company was founded by Ross J. Beaty and John J. Wright on March 17, 1979 and is headquartered in Vancouver, Canada.
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