Quadrature Capital Ltd Acquires 17,900 Shares of Pan American Silver Corp. (NYSE:PAAS)

Quadrature Capital Ltd grew its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 21.8% during the first quarter, HoldingsChannel reports. The firm owned 100,000 shares of the basic materials company’s stock after buying an additional 17,900 shares during the quarter. Quadrature Capital Ltd’s holdings in Pan American Silver were worth $1,503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAAS. Mn Services Vermogensbeheer B.V. boosted its position in Pan American Silver by 0.5% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 174,400 shares of the basic materials company’s stock valued at $2,861,000 after buying an additional 900 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Pan American Silver by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 238,839 shares of the basic materials company’s stock valued at $3,899,000 after acquiring an additional 1,169 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Pan American Silver by 2.9% during the 1st quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock valued at $714,000 after acquiring an additional 1,336 shares in the last quarter. Metis Global Partners LLC grew its position in Pan American Silver by 11.3% during the 4th quarter. Metis Global Partners LLC now owns 14,596 shares of the basic materials company’s stock worth $238,000 after acquiring an additional 1,482 shares during the last quarter. Finally, StoneX Group Inc. increased its holdings in Pan American Silver by 14.9% in the 1st quarter. StoneX Group Inc. now owns 12,191 shares of the basic materials company’s stock worth $184,000 after purchasing an additional 1,579 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

Pan American Silver Trading Up 0.3 %

PAAS traded up $0.06 during trading on Friday, reaching $21.47. 2,117,768 shares of the stock traded hands, compared to its average volume of 3,321,407. The stock’s 50-day moving average is $21.33 and its 200 day moving average is $17.61. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $24.27. The company has a quick ratio of 0.92, a current ratio of 2.11 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $7.79 billion, a PE ratio of -46.67 and a beta of 1.31.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, May 8th. The basic materials company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.07. Pan American Silver had a positive return on equity of 0.13% and a negative net margin of 6.68%. The business had revenue of $601.40 million during the quarter, compared to analysts’ expectations of $592.58 million. During the same quarter last year, the firm posted $0.10 earnings per share. The firm’s revenue was up 54.1% on a year-over-year basis. Equities analysts anticipate that Pan American Silver Corp. will post 0.66 earnings per share for the current year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 21st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.86%. The ex-dividend date was Monday, May 20th. Pan American Silver’s dividend payout ratio is presently -86.96%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PAAS shares. Scotiabank boosted their price target on Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 16th. StockNews.com raised shares of Pan American Silver from a “sell” rating to a “hold” rating in a report on Saturday, May 11th. CIBC raised their price target on shares of Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a research note on Wednesday, July 10th. Jefferies Financial Group boosted their price objective on shares of Pan American Silver from $19.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, July 12th. Finally, BMO Capital Markets raised their target price on Pan American Silver from $22.00 to $24.00 in a research report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Pan American Silver has an average rating of “Moderate Buy” and a consensus target price of $24.42.

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.