Pan American Silver Corp. (NYSE:PAAS) Shares Sold by Tidal Investments LLC

Tidal Investments LLC trimmed its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 71.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,199,685 shares of the basic materials company’s stock after selling 3,044,564 shares during the quarter. Tidal Investments LLC’s holdings in Pan American Silver were worth $24,258,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PAAS. Comprehensive Financial Planning Inc. PA acquired a new position in Pan American Silver during the fourth quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new position in Pan American Silver during the fourth quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Pan American Silver during the fourth quarter worth about $32,000. Farther Finance Advisors LLC grew its position in Pan American Silver by 164.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company’s stock worth $39,000 after buying an additional 1,209 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Pan American Silver during the fourth quarter worth about $43,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Down 0.6%

Shares of NYSE PAAS opened at $22.71 on Friday. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $28.60. The company has a market capitalization of $8.23 billion, a PE ratio of 70.98 and a beta of 0.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The firm’s 50-day moving average is $25.16 and its two-hundred day moving average is $23.50.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.23. The business had revenue of $773.20 million for the quarter, compared to the consensus estimate of $696.62 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The company’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 earnings per share. Equities analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 20th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, May 20th. Pan American Silver’s payout ratio is 45.98%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. BMO Capital Markets assumed coverage on shares of Pan American Silver in a research report on Wednesday, April 16th. They set a “market perform” rating on the stock. Royal Bank of Canada upped their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. National Bankshares restated an “outperform” rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. TD Securities reduced their price target on shares of Pan American Silver from $30.00 to $26.00 and set a “hold” rating on the stock in a report on Tuesday, May 13th. Finally, CIBC upped their price target on shares of Pan American Silver from $38.00 to $42.00 and gave the company an “outperformer” rating in a report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Pan American Silver currently has an average rating of “Moderate Buy” and an average price target of $29.50.

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.