Y Intercept Hong Kong Ltd Lowers Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Y Intercept Hong Kong Ltd lessened its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 50.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,878 shares of the basic materials company's stock after selling 18,430 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Pan American Silver were worth $462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of PAAS. Signaturefd LLC lifted its stake in shares of Pan American Silver by 8.1% during the 1st quarter. Signaturefd LLC now owns 8,567 shares of the basic materials company's stock valued at $221,000 after buying an additional 643 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Pan American Silver by 2.4% during the 4th quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock valued at $611,000 after buying an additional 715 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Pan American Silver by 39.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock valued at $70,000 after buying an additional 775 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Pan American Silver by 3.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 33,916 shares of the basic materials company's stock valued at $876,000 after buying an additional 1,054 shares in the last quarter. Finally, Graybill Wealth Management LTD. purchased a new position in shares of Pan American Silver during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. CIBC restated an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. BMO Capital Markets started coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating on the stock. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. Wall Street Zen upgraded shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 15th. Finally, TD Securities decreased their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, May 22nd. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $31.40.

Pan American Silver Price Performance

Shares of Pan American Silver stock traded up $0.13 during trading hours on Friday, reaching $27.15. The company's stock had a trading volume of 2,467,104 shares, compared to its average volume of 4,496,200. The firm has a 50 day moving average price of $28.15 and a 200-day moving average price of $25.72. Pan American Silver Corp. has a one year low of $17.86 and a one year high of $31.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.93 and a quick ratio of 1.94. The stock has a market cap of $9.82 billion, a P/E ratio of 31.20, a P/E/G ratio of 0.38 and a beta of 0.67.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.23. Pan American Silver had a net margin of 10.45% and a return on equity of 9.25%. The firm had revenue of $773.20 million for the quarter, compared to the consensus estimate of $696.62 million. During the same period in the previous year, the firm posted $0.01 EPS. The business's quarterly revenue was up 28.6% on a year-over-year basis. On average, analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 20th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's dividend payout ratio is presently 45.98%.

Pan American Silver Company 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.