Centiva Capital LP Lowers Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Centiva Capital LP lowered its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 44.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,804 shares of the basic materials company's stock after selling 28,084 shares during the period. Centiva Capital LP's holdings in Pan American Silver were worth $704,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PAAS. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Pan American Silver in the 4th quarter valued at about $27,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Pan American Silver in the fourth quarter worth approximately $30,000. Decker Retirement Planning Inc. bought a new position in shares of Pan American Silver in the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of Pan American Silver in the third quarter valued at approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Pan American Silver in the fourth quarter valued at approximately $32,000. Institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Performance

Shares of Pan American Silver stock traded down $0.37 during trading hours on Wednesday, reaching $22.66. The company had a trading volume of 4,450,607 shares, compared to its average volume of 4,017,539. Pan American Silver Corp. has a one year low of $17.86 and a one year high of $28.60. The business has a fifty day simple moving average of $25.24 and a 200 day simple moving average of $23.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The firm has a market cap of $8.21 billion, a PE ratio of 70.81 and a beta of 0.75.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $696.62 million. During the same quarter last year, the business posted $0.01 earnings per share. The firm's revenue was up 28.6% compared to the same quarter last year. On average, analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.77%. Pan American Silver's payout ratio is 45.98%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PAAS shares. CIBC upped their target price on Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a report on Thursday, May 8th. TD Securities reduced their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a report on Tuesday. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a report on Monday, April 14th. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Finally, StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $29.50.

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.