Pan American Silver Corp. (NYSE:PAAS) Shares Sold by XTX Topco Ltd

Key Points

• XTX Topco Ltd significantly reduced its stake in Pan American Silver Corp. by 68.6%, selling 51,124 shares to hold a total of 23,368 shares, valued at approximately $604,000.
• In a recent quarter, Pan American Silver reported $0.42 earnings per share, exceeding analysts' expectations of $0.19, with revenue rising 28.6% year-over-year to $773.20 million.
• The company declared a quarterly dividend of $0.10, translating to an annualized dividend yield of 1.4%, with a payout ratio of 45.98%.

XTX Topco Ltd trimmed its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 68.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,368 shares of the basic materials company's stock after selling 51,124 shares during the quarter. XTX Topco Ltd's holdings in Pan American Silver were worth $604,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new stake in shares of Pan American Silver during the first quarter valued at about $212,000. Mackenzie Financial Corp increased its holdings in Pan American Silver by 10.8% in the 1st quarter. Mackenzie Financial Corp now owns 1,461,085 shares of the basic materials company's stock valued at $37,738,000 after purchasing an additional 141,900 shares during the last quarter. LPL Financial LLC raised its position in Pan American Silver by 11.3% in the first quarter. LPL Financial LLC now owns 207,724 shares of the basic materials company's stock valued at $5,365,000 after purchasing an additional 21,008 shares during the period. TD Asset Management Inc lifted its stake in Pan American Silver by 71.7% during the first quarter. TD Asset Management Inc now owns 1,971,544 shares of the basic materials company's stock worth $50,917,000 after purchasing an additional 823,390 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Pan American Silver by 11.3% during the first quarter. Cetera Investment Advisers now owns 229,680 shares of the basic materials company's stock worth $5,933,000 after buying an additional 23,303 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. TD Securities cut their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. CIBC reissued an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. BMO Capital Markets initiated coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They set a "market perform" rating on the stock. Finally, Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Pan American Silver presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.40.

Pan American Silver Stock Up 0.7%

Shares of PAAS traded up $0.21 during midday trading on Wednesday, reaching $29.35. The stock had a trading volume of 5,763,522 shares, compared to its average volume of 4,753,976. The company has a market cap of $10.62 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 0.39 and a beta of 0.60. The company's fifty day simple moving average is $28.39 and its two-hundred day simple moving average is $25.89. Pan American Silver Corp. has a 1-year low of $18.15 and a 1-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.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The business's revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 EPS. Equities research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's dividend payout ratio is currently 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.