Virtu Financial LLC Purchases New Holdings in Pan American Silver Corp. (PAAS)

Virtu Financial LLC purchased a new stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 35,642 shares of the basic materials company’s stock, valued at approximately $602,000.

Several other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in Pan American Silver by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 753,267 shares of the basic materials company’s stock valued at $13,483,000 after acquiring an additional 3,296 shares during the last quarter. Sigma Planning Corp boosted its stake in Pan American Silver by 22.7% in the second quarter. Sigma Planning Corp now owns 18,168 shares of the basic materials company’s stock valued at $325,000 after acquiring an additional 3,367 shares during the last quarter. Fiera Capital Corp boosted its stake in Pan American Silver by 26.7% in the second quarter. Fiera Capital Corp now owns 19,000 shares of the basic materials company’s stock valued at $341,000 after acquiring an additional 4,000 shares during the last quarter. Oppenheimer & Close LLC boosted its stake in Pan American Silver by 16.1% in the third quarter. Oppenheimer & Close LLC now owns 34,886 shares of the basic materials company’s stock valued at $514,000 after acquiring an additional 4,846 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Pan American Silver by 2.5% in the third quarter. Swiss National Bank now owns 275,500 shares of the basic materials company’s stock valued at $4,046,000 after acquiring an additional 6,600 shares during the last quarter. 51.25% of the stock is owned by institutional investors and hedge funds.

PAAS has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. Bank of America cut shares of Pan American Silver from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $16.70 to $12.75 in a research note on Monday, November 19th. BidaskClub cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. Deutsche Bank set a $18.00 price objective on shares of Pan American Silver and gave the company a “hold” rating in a research note on Tuesday, October 2nd. Finally, ValuEngine cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.09.

Shares of NASDAQ PAAS opened at $13.84 on Friday. The firm has a market cap of $2.05 billion, a PE ratio of 27.14, a PEG ratio of 7.55 and a beta of 0.18. Pan American Silver Corp. has a twelve month low of $12.12 and a twelve month high of $18.75.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Tuesday, November 6th. The basic materials company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). The firm had revenue of $187.70 million for the quarter, compared to the consensus estimate of $193.93 million. Pan American Silver had a return on equity of 5.15% and a net margin of 14.75%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. On average, research analysts anticipate that Pan American Silver Corp. will post 0.44 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Monday, November 19th were given a dividend of $0.035 per share. The ex-dividend date was Friday, November 16th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.01%. Pan American Silver’s dividend payout ratio is 27.45%.

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About Pan American Silver

Pan American Silver Corp., together with its subsidiaries, engages in exploration, extraction, processing, refining, and reclamation of silver mines. The company owns and operates silver mines located in Peru, Mexico, Argentina, and Bolivia. It also produces and sells gold, zinc, lead, and copper. The company holds interests in the La Colorada, Dolores, Alamo Dorado, Huaron, Morococha, Manantial Espejo, and San Vicente mines.

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

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