Virtu Financial LLC bought a new stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,656 shares of the basic materials company’s stock, valued at approximately $178,000.

Several other hedge funds have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Pan American Silver by 1.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,371 shares of the basic materials company’s stock valued at $713,000 after purchasing an additional 679 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Pan American Silver by 3.9% in the second quarter. Advisor Group Inc. now owns 21,567 shares of the basic materials company’s stock valued at $362,000 after purchasing an additional 800 shares in the last quarter. National Asset Management Inc. grew its holdings in shares of Pan American Silver by 4.3% in the second quarter. National Asset Management Inc. now owns 20,450 shares of the basic materials company’s stock valued at $344,000 after purchasing an additional 850 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Pan American Silver by 5.7% in the second quarter. Legal & General Group Plc now owns 18,253 shares of the basic materials company’s stock valued at $307,000 after purchasing an additional 990 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Pan American Silver by 1.7% in the second quarter. Blair William & Co. IL now owns 70,578 shares of the basic materials company’s stock valued at $1,187,000 after purchasing an additional 1,208 shares in the last quarter. 53.91% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. B. Riley reissued a “neutral” rating on shares of Pan American Silver in a report on Wednesday, November 1st. BMO Capital Markets reaffirmed a “hold” rating and set a $17.50 price objective on shares of Pan American Silver in a research note on Wednesday, September 20th. Canaccord Genuity reaffirmed a “buy” rating and set a $22.00 price objective on shares of Pan American Silver in a research note on Thursday, September 7th. Raymond James Financial raised shares of Pan American Silver from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating on shares of Pan American Silver in a research note on Thursday, September 7th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Pan American Silver presently has an average rating of “Buy” and a consensus price target of $21.50.

Pan American Silver Corp. (PAAS) opened at $15.03 on Friday. The company has a market cap of $2,317.56, a price-to-earnings ratio of 31.52, a price-to-earnings-growth ratio of 7.77 and a beta of 0.09. Pan American Silver Corp. has a one year low of $13.99 and a one year high of $21.29.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, November 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $190.79 million during the quarter, compared to analyst estimates of $199.43 million. Pan American Silver had a net margin of 12.23% and a return on equity of 5.12%. The business’s revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. analysts predict that Pan American Silver Corp. will post 0.49 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 20th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Friday, November 17th. Pan American Silver’s dividend payout ratio is currently 16.39%.

ILLEGAL ACTIVITY WARNING: This piece was originally published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.watchlistnews.com/22656-shares-in-pan-american-silver-corp-paas-purchased-by-virtu-financial-llc/1765133.html.

Pan American Silver Profile

Pan American Silver Corp. is a silver production company. The Company is principally engaged in the operation and development of, and exploration for, silver producing properties. The Company’s segments include Peru, Mexico, Argentina and Bolivia. The Company also produces and sells gold, zinc, lead and copper.

Want to see what other hedge funds are holding PAAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS).

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

Receive News & Ratings for Pan American Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan American Silver and related companies with Analyst Ratings Network's FREE daily email newsletter.