Cubist Systematic Strategies LLC Decreases Stock Position in Pan American Silver Corp. (NASDAQ:PAAS)

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Cubist Systematic Strategies LLC cut its position in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) by 58.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,572 shares of the basic materials company’s stock after selling 127,005 shares during the period. Cubist Systematic Strategies LLC’s holdings in Pan American Silver were worth $2,752,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Evoke Wealth LLC acquired a new stake in Pan American Silver during the second quarter worth about $25,000. Exane Derivatives purchased a new position in shares of Pan American Silver in the second quarter valued at approximately $32,000. Macroview Investment Management LLC purchased a new position in Pan American Silver during the second quarter worth approximately $41,000. Optimum Investment Advisors lifted its position in Pan American Silver by 250.0% during the second quarter. Optimum Investment Advisors now owns 1,400 shares of the basic materials company’s stock worth $43,000 after buying an additional 1,000 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in Pan American Silver by 32.4% during the second quarter. Lindbrook Capital LLC now owns 1,840 shares of the basic materials company’s stock worth $56,000 after buying an additional 450 shares in the last quarter. 50.35% of the stock is currently owned by institutional investors and hedge funds.

PAAS opened at $35.89 on Wednesday. Pan American Silver Corp. has a 12 month low of $10.61 and a 12 month high of $40.11. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 224.33, a PEG ratio of 2.71 and a beta of 1.46. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.04 and a quick ratio of 1.83. The business has a fifty day moving average price of $35.29 and a 200 day moving average price of $26.71.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.15. Pan American Silver had a return on equity of 8.00% and a net margin of 2.31%. On average, research analysts anticipate that Pan American Silver Corp. will post 0.88 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Monday, August 17th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Friday, August 14th. Pan American Silver’s dividend payout ratio (DPR) is 25.64%.

A number of equities analysts recently commented on the company. B. Riley lifted their price objective on Pan American Silver from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 19th. Deutsche Bank cut Pan American Silver from a “buy” rating to a “hold” rating and raised their target price for the stock from $28.00 to $34.00 in a research note on Tuesday, August 11th. BidaskClub cut Pan American Silver from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Canaccord Genuity raised Pan American Silver to a “buy” rating and set a $44.00 price objective for the company in a research note on Wednesday, July 29th. Finally, Pi Financial raised Pan American Silver from a “neutral” rating to a “buy” rating in a research note on Friday, August 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $35.39.

About Pan American Silver

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. The company owns and operates mines located in Mexico, Peru, Canada, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper.

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Institutional Ownership by Quarter for Pan American Silver (NASDAQ:PAAS)

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