XTX Topco Ltd Acquires 15,491 Shares of Pan American Silver Corp. (NYSE:PAAS)

XTX Topco Ltd raised its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 26.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 74,492 shares of the basic materials company’s stock after buying an additional 15,491 shares during the quarter. XTX Topco Ltd’s holdings in Pan American Silver were worth $1,506,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Scotiabank boosted their price target on shares of Pan American Silver from $28.50 to $32.00 and gave the company a “sector outperform” rating in a report on Monday. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a report on Wednesday, April 2nd. Royal Bank of Canada increased their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. TD Securities lowered Pan American Silver from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Finally, National Bankshares restated an “outperform” rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $28.50.

Pan American Silver Stock Performance

Pan American Silver stock opened at $27.18 on Tuesday. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $27.57. The stock has a 50-day simple moving average of $24.83 and a 200 day simple moving average of $23.13. 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 capitalization of $9.84 billion, a price-to-earnings ratio of 84.94 and a beta of 1.06.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. On average, research 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given 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 1.47%. Pan American Silver’s payout ratio is 125.00%.

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.