Schonfeld Strategic Advisors LLC Buys Shares of 10,973 Pan American Silver Corp. (NYSE:PAAS)

Schonfeld Strategic Advisors LLC acquired a new stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,973 shares of the basic materials company's stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Pan American Silver by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 14,008,185 shares of the basic materials company's stock worth $283,385,000 after purchasing an additional 221,561 shares during the last quarter. FIL Ltd increased its holdings in Pan American Silver by 4.6% in the fourth quarter. FIL Ltd now owns 13,388,644 shares of the basic materials company's stock valued at $270,848,000 after buying an additional 584,017 shares in the last quarter. Norges Bank purchased a new position in Pan American Silver in the fourth quarter valued at $91,916,000. Geode Capital Management LLC increased its holdings in Pan American Silver by 32.2% in the fourth quarter. Geode Capital Management LLC now owns 2,027,461 shares of the basic materials company's stock valued at $40,776,000 after buying an additional 494,133 shares in the last quarter. Finally, Ingalls & Snyder LLC increased its holdings in Pan American Silver by 5.4% in the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock valued at $34,920,000 after buying an additional 89,011 shares in the last quarter. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Price Performance

NYSE PAAS traded down $0.14 during trading hours on Friday, hitting $22.71. 7,480,971 shares of the company's stock traded hands, compared to its average volume of 3,836,897. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $28.60. The company has a market capitalization of $8.23 billion, a PE ratio of 70.98 and a beta of 0.75. 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's 50-day moving average is $25.16 and its 200-day moving average is $23.50.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.23. The company had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. Pan American Silver's revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 EPS. Equities analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.40 annualized dividend and a yield of 1.76%. Pan American Silver's payout ratio is 45.98%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PAAS. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. 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 for the company. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. StockNews.com raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Thursday. Finally, TD Securities cut their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Pan American Silver has an average rating of "Moderate Buy" and an average price target of $29.50.

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.