Twin Tree Management LP Has $471,000 Position in Pan American Silver Corp. (NYSE:PAAS)

Twin Tree Management LP lessened its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 89.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,244 shares of the basic materials company’s stock after selling 269,378 shares during the period. Twin Tree Management LP’s holdings in Pan American Silver were worth $471,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp boosted its position in shares of Pan American Silver by 11.8% during the 4th quarter. Van ECK Associates Corp now owns 45,833,375 shares of the basic materials company’s stock valued at $748,460,000 after purchasing an additional 4,842,547 shares in the last quarter. Norges Bank bought a new stake in shares of Pan American Silver during the 4th quarter valued at about $63,066,000. The Manufacturers Life Insurance Company boosted its position in shares of Pan American Silver by 71.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,889,808 shares of the basic materials company’s stock valued at $30,899,000 after purchasing an additional 786,525 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Pan American Silver by 104.5% during the 3rd quarter. American Century Companies Inc. now owns 1,207,185 shares of the basic materials company’s stock valued at $17,479,000 after purchasing an additional 616,804 shares in the last quarter. Finally, Marlin Sams Capital Management LLC boosted its position in shares of Pan American Silver by 311.8% during the 4th quarter. Marlin Sams Capital Management LLC now owns 350,000 shares of the basic materials company’s stock valued at $5,716,000 after purchasing an additional 265,000 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analysts Set New Price Targets

PAAS has been the topic of several research analyst reports. Jefferies Financial Group upped their target price on Pan American Silver from $19.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, July 12th. CIBC upped their target price on Pan American Silver from $30.00 to $35.00 and gave the company an “outperformer” rating in a research report on Wednesday, July 10th. BMO Capital Markets increased their price target on Pan American Silver from $22.00 to $24.00 in a report on Tuesday, May 21st. Scotiabank increased their price target on Pan American Silver from $23.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 16th. Finally, StockNews.com upgraded Pan American Silver from a “sell” rating to a “hold” rating in a report on Saturday, May 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.42.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $22.52 on Friday. The company has a market cap of $8.17 billion, a PE ratio of -48.96 and a beta of 1.31. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $24.27. The business has a 50 day moving average price of $21.17 and a 200-day moving average price of $17.37. The company has a quick ratio of 0.92, a current ratio of 2.11 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.07. The firm had revenue of $601.40 million during the quarter, compared to the consensus estimate of $592.58 million. Pan American Silver had a positive return on equity of 0.13% and a negative net margin of 6.68%. The company’s quarterly revenue was up 54.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. Equities analysts anticipate that Pan American Silver Corp. will post 0.62 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Tuesday, May 21st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Monday, May 20th. Pan American Silver’s dividend payout ratio (DPR) is presently -86.96%.

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.