Bayesian Capital Management LP Sells 34,000 Shares of Pan American Silver Corp. (NYSE:PAAS)

Bayesian Capital Management LP lessened its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 65.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,200 shares of the basic materials company's stock after selling 34,000 shares during the period. Bayesian Capital Management LP's holdings in Pan American Silver were worth $368,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA acquired a new position in Pan American Silver in the 4th quarter worth $27,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver during the 4th quarter worth about $30,000. Decker Retirement Planning Inc. bought a new stake in Pan American Silver during the 4th quarter worth about $32,000. Wilmington Savings Fund Society FSB bought a new stake in Pan American Silver during the 3rd quarter worth about $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Pan American Silver in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Price Performance

NYSE:PAAS traded up $0.62 during mid-day trading on Tuesday, hitting $23.44. 6,796,403 shares of the stock traded hands, compared to its average volume of 3,782,609. The business's 50-day moving average price is $25.27 and its 200 day moving average price is $23.54. The company has a market cap of $8.49 billion, a PE ratio of 73.25 and a beta of 0.75. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $28.60. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.23. The business had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The business's quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 EPS. On average, analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.71%. Pan American Silver's payout ratio is 45.98%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PAAS. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. CIBC increased their price objective on shares of Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research note on Thursday, May 8th. TD Securities downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating and dropped their price target for the company from $28.00 to $27.00 in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada lifted their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $29.67.

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.