Bayesian Capital Management LP trimmed its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 65.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,200 shares of the basic materials company's stock after selling 34,000 shares during the quarter. Bayesian Capital Management LP's holdings in Pan American Silver were worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently bought and sold shares of PAAS. Comprehensive Financial Planning Inc. PA bought a new stake in Pan American Silver during the 4th quarter valued at about $27,000. Laurel Wealth Advisors LLC bought a new stake in shares of Pan American Silver during the fourth quarter valued at approximately $30,000. Decker Retirement Planning Inc. purchased a new position in Pan American Silver in the 4th quarter worth approximately $32,000. Wilmington Savings Fund Society FSB bought a new position in Pan American Silver in the 3rd quarter valued at approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Pan American Silver during the 4th quarter valued at $32,000. 55.43% of the stock is owned by hedge funds and other institutional investors.
Pan American Silver Stock Performance
NYSE PAAS traded up $1.65 on Friday, reaching $27.20. 6,553,968 shares of the stock were exchanged, compared to its average volume of 3,707,618. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a one year low of $17.86 and a one year high of $28.60. The firm has a market capitalization of $9.85 billion, a PE ratio of 85.00 and a beta of 0.75. The company's 50-day simple moving average is $25.31 and its two-hundred day simple moving average is $23.56.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. The company had revenue of $773.20 million for 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%. Pan American Silver's revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.01 EPS. Analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.
Pan American Silver Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Tuesday, May 20th. Pan American Silver's dividend payout ratio is 125.00%.
Analysts Set New Price Targets
PAAS has been the subject of several research reports. BMO Capital Markets initiated coverage on shares of Pan American Silver in a report on Wednesday, April 16th. They set a "market perform" rating for the company. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Finally, TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and reduced their price target for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $29.67.
View Our Latest Report on Pan American Silver
About Pan American Silver
(
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.
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