Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Marshall Wace LLP

Marshall Wace LLP trimmed its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 84.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,400 shares of the basic materials company’s stock after selling 91,794 shares during the quarter. Marshall Wace LLP’s holdings in Pan American Silver were worth $346,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PAAS. Goehring & Rozencwajg Associates LLC boosted its stake in shares of Pan American Silver by 3.5% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 205,191 shares of the basic materials company’s stock worth $3,351,000 after buying an additional 6,965 shares during the last quarter. GeoSphere Capital Management LLC boosted its position in Pan American Silver by 3.9% in the 4th quarter. GeoSphere Capital Management LLC now owns 400,000 shares of the basic materials company’s stock worth $6,532,000 after purchasing an additional 15,000 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Pan American Silver during the 4th quarter worth approximately $295,000. Vanguard Group Inc. increased its holdings in shares of Pan American Silver by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 13,065,572 shares of the basic materials company’s stock valued at $213,361,000 after purchasing an additional 176,979 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of Pan American Silver by 10.3% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 203,641 shares of the basic materials company’s stock valued at $3,325,000 after purchasing an additional 18,979 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a report on Friday, October 4th. Royal Bank of Canada increased their price target 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. CIBC boosted their price objective on Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. Finally, Scotiabank upped their target price on Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Pan American Silver presently has an average rating of “Moderate Buy” and a consensus target price of $24.93.

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $22.46 on Friday. The stock has a market capitalization of $8.15 billion, a P/E ratio of -48.83 and a beta of 1.35. The business has a 50 day simple moving average of $20.59 and a two-hundred day simple moving average of $20.26. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $24.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The firm had revenue of $686.30 million during the quarter, compared to analysts’ expectations of $696.08 million. During the same quarter in the previous year, the business posted $0.04 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts predict that Pan American Silver Corp. will post 0.62 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a yield of 1.78%. Pan American Silver’s dividend payout ratio is presently -86.96%.

About Pan American Silver

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.