Quadrature Capital Ltd Sells 113,000 Shares of Pan American Silver Corp. (NYSE:PAAS)

Quadrature Capital Ltd trimmed its position in Pan American Silver Corp. (NYSE:PAASFree Report) (TSE:PAAS) by 57.9% during the fourth quarter, Holdings Channel reports. The firm owned 82,100 shares of the basic materials company’s stock after selling 113,000 shares during the quarter. Quadrature Capital Ltd’s holdings in Pan American Silver were worth $1,342,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of PAAS. Optiver Holding B.V. grew its stake in Pan American Silver by 90.8% in the 3rd quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock valued at $25,000 after buying an additional 812 shares during the last quarter. CVA Family Office LLC acquired a new position in Pan American Silver in the 4th quarter valued at about $46,000. Parkside Financial Bank & Trust grew its stake in Pan American Silver by 455.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,658 shares of the basic materials company’s stock valued at $60,000 after buying an additional 3,000 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Pan American Silver in the 4th quarter valued at about $103,000. Finally, Brown Brothers Harriman & Co. grew its stake in Pan American Silver by 446.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 8,781 shares of the basic materials company’s stock valued at $143,000 after buying an additional 7,174 shares during the last quarter. 55.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PAAS has been the topic of a number of research reports. Jefferies Financial Group upped their price target on shares of Pan American Silver from $14.00 to $17.00 and gave the company a “hold” rating in a research note on Monday, April 22nd. Scotiabank increased their target price on shares of Pan American Silver from $20.00 to $23.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 23rd. StockNews.com raised shares of Pan American Silver from a “sell” rating to a “hold” rating in a report on Saturday, May 11th. TD Securities lowered their target price on shares of Pan American Silver from $18.50 to $17.50 and set a “buy” rating on the stock in a report on Friday, February 23rd. Finally, BMO Capital Markets raised their target price on shares of Pan American Silver from $22.00 to $24.00 in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.25.

Get Our Latest Stock Analysis on PAAS

Pan American Silver Stock Performance

Shares of NYSE:PAAS opened at $20.06 on Tuesday. The company’s 50 day simple moving average is $19.72 and its 200 day simple moving average is $16.28. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of -43.61 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.11 and a quick ratio of 0.92. Pan American Silver Corp. has a 1 year low of $12.16 and a 1 year high of $22.75.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. The business had revenue of $601.40 million for the quarter, compared to analysts’ expectations of $592.58 million. Pan American Silver had a negative net margin of 6.68% and a positive return on equity of 0.13%. The firm’s quarterly revenue was up 54.1% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. As a group, research analysts predict that Pan American Silver Corp. will post 0.41 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 21st were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.99%. Pan American Silver’s dividend payout ratio (DPR) is -86.96%.

Pan American Silver Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Pan American Silver (NYSE:PAAS)

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