Pan American Silver Corp. (NYSE:PAAS) Stock Position Cut by Slate Path Capital LP

Slate Path Capital LP cut its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 12.5% in the 4th quarter, Holdings Channel reports. The firm owned 4,717,000 shares of the basic materials company’s stock after selling 676,000 shares during the period. Pan American Silver makes up approximately 1.7% of Slate Path Capital LP’s portfolio, making the stock its 25th largest holding. Slate Path Capital LP’s holdings in Pan American Silver were worth $95,378,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PAAS. Comprehensive Financial Planning Inc. PA bought a new stake in Pan American Silver in the fourth quarter worth $27,000. Laurel Wealth Advisors LLC acquired a new stake in Pan American Silver in the 4th quarter valued at about $30,000. Decker Retirement Planning Inc. bought a new position in Pan American Silver in the 4th quarter valued at about $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Pan American Silver during the 3rd quarter worth approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Pan American Silver during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on PAAS shares. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Wednesday, April 2nd. National Bankshares restated an “outperform” rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Scotiabank reaffirmed a “sector perform” rating on shares of Pan American Silver in a report on Monday, April 14th. Royal Bank of Canada boosted their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Finally, TD Securities lowered shares of Pan American Silver from a “buy” rating to a “hold” rating and cut their price target for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pan American Silver currently has an average rating of “Hold” and a consensus target price of $28.50.

Pan American Silver Price Performance

PAAS stock opened at $26.97 on Tuesday. The business has a fifty day moving average of $25.09 and a two-hundred day moving average of $23.34. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $28.60. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The stock has a market cap of $9.77 billion, a price-to-earnings ratio of 84.28 and a beta of 1.06.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $815.10 million for the quarter, compared to analyst estimates of $805.20 million. As a group, research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.48%. Pan American Silver’s dividend payout ratio (DPR) is 125.00%.

About Pan American Silver

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.