Brightlight Capital Management LP Has $14.01 Million Stake in Pan American Silver Corp. (NYSE:PAAS)

Brightlight Capital Management LP lowered its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 29.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 693,100 shares of the basic materials company's stock after selling 287,900 shares during the period. Pan American Silver makes up 10.2% of Brightlight Capital Management LP's portfolio, making the stock its 6th biggest position. Brightlight Capital Management LP owned approximately 0.19% of Pan American Silver worth $14,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Signaturefd LLC raised its position in shares of Pan American Silver by 6.0% during the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock worth $160,000 after purchasing an additional 451 shares during the period. US Bancorp DE lifted its stake in Pan American Silver by 9.6% in the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock valued at $124,000 after buying an additional 539 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Pan American Silver by 23.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after buying an additional 549 shares during the period. Principal Securities Inc. increased its position in shares of Pan American Silver by 12.5% during the fourth quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock worth $121,000 after acquiring an additional 664 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its position in Pan American Silver by 2.4% in the 4th quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock valued at $611,000 after acquiring an additional 715 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PAAS has been the topic of several recent research reports. TD Securities downgraded 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. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. Royal Bank of Canada raised their price target 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. CIBC boosted their price objective on shares of Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a research report on Thursday. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $29.67.

Pan American Silver Stock Performance

Shares of PAAS stock traded up $1.65 on Friday, reaching $27.20. The stock had a trading volume of 6,553,968 shares, compared to its average volume of 3,701,581. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $28.60. The firm has a market capitalization of $9.85 billion, a price-to-earnings ratio of 85.00 and a beta of 0.75. The firm's 50-day moving average is $25.31 and its two-hundred day moving average is $23.56. 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 data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.23. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The company had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. During the same period last year, the firm posted $0.01 earnings per share. The business's revenue was up 28.6% on a year-over-year basis. On average, research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Tuesday, May 20th. Pan American Silver's dividend payout ratio is presently 125.00%.

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.