Tidal Investments LLC Trims Holdings in Pan American Silver Corp. (NYSE:PAAS)

Tidal Investments LLC lowered its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 71.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,199,685 shares of the basic materials company's stock after selling 3,044,564 shares during the period. Tidal Investments LLC owned approximately 0.33% of Pan American Silver worth $24,258,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Norges Bank purchased a new stake in Pan American Silver in the 4th quarter valued at approximately $91,916,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Pan American Silver in the fourth quarter valued at approximately $24,083,000. Hsbc Holdings PLC boosted its stake in shares of Pan American Silver by 661.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,307,617 shares of the basic materials company's stock valued at $26,300,000 after buying an additional 1,135,839 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Pan American Silver by 110.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,498,246 shares of the basic materials company's stock worth $30,295,000 after acquiring an additional 784,906 shares during the period. Finally, Man Group plc raised its position in Pan American Silver by 381.7% in the fourth quarter. Man Group plc now owns 947,560 shares of the basic materials company's stock worth $19,160,000 after acquiring an additional 750,858 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PAAS shares. TD Securities decreased their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Tuesday, May 13th. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. CIBC increased their target price on shares of Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a report on Thursday, May 8th. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Finally, BMO Capital Markets initiated coverage on Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating on the stock. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $29.50.

Pan American Silver Price Performance

NYSE:PAAS traded up $0.63 during mid-day trading on Tuesday, hitting $23.81. 5,427,681 shares of the company's stock traded hands, compared to its average volume of 3,791,417. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The company has a market cap of $8.62 billion, a PE ratio of 74.41 and a beta of 0.75. The firm's 50 day simple moving average is $25.08 and its 200 day simple moving average is $23.50. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $28.60.

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, beating the consensus estimate of $0.19 by $0.23. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The business had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. During the same period in the prior year, the business earned $0.01 earnings per share. The company's quarterly revenue was up 28.6% on a year-over-year basis. Sell-side analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The business 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. This represents a $0.40 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Tuesday, May 20th. Pan American Silver's payout ratio is 45.98%.

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.