Virtu Financial LLC Sells 25,872 Shares of Pan American Silver Corp. (NYSE:PAAS)

Virtu Financial LLC lessened its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 70.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,001 shares of the basic materials company’s stock after selling 25,872 shares during the quarter. Virtu Financial LLC’s holdings in Pan American Silver were worth $222,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. 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 purchasing an additional 89,011 shares during the last quarter. Amundi boosted its stake in Pan American Silver by 5.6% during the 4th quarter. Amundi now owns 1,547,331 shares of the basic materials company’s stock worth $33,175,000 after acquiring an additional 82,187 shares during the last quarter. Geode Capital Management LLC boosted its stake in Pan American Silver by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company’s stock worth $31,713,000 after acquiring an additional 108,039 shares during the last quarter. FMR LLC increased its stake in Pan American Silver by 1,834.8% in the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock valued at $28,084,000 after purchasing an additional 1,275,475 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in Pan American Silver in the fourth quarter worth $24,083,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Trading Down 1.8 %

NYSE PAAS opened at $25.95 on Friday. Pan American Silver Corp. has a 52 week low of $15.10 and a 52 week high of $27.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The stock’s 50 day moving average price is $24.45 and its two-hundred day moving average price is $22.82. The stock has a market capitalization of $9.40 billion, a price-to-earnings ratio of 81.11 and a beta of 1.25.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its 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 business had revenue of $815.10 million during the quarter, compared to analysts’ expectations of $805.20 million. As a group, analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s dividend payout ratio is currently 125.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. TD Securities lowered Pan American Silver from a “buy” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Finally, Scotiabank raised their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.92.

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.