Virtu Financial LLC Has $770,000 Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Virtu Financial LLC raised its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 23.9% during the third quarter, HoldingsChannel.com reports. The firm owned 36,873 shares of the basic materials company’s stock after acquiring an additional 7,114 shares during the quarter. Virtu Financial LLC’s holdings in Pan American Silver were worth $770,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PAAS. Lighthouse Investment Partners LLC bought a new stake in shares of Pan American Silver during the second quarter worth approximately $990,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Pan American Silver during the 2nd quarter valued at $963,000. Stratos Wealth Advisors LLC lifted its stake in shares of Pan American Silver by 33.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock valued at $3,324,000 after purchasing an additional 39,873 shares during the period. Marlin Sams Capital Management LLC boosted its position in shares of Pan American Silver by 89.2% in the 3rd quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock worth $14,609,000 after purchasing an additional 330,000 shares during the last quarter. Finally, U S Global Investors Inc. grew its stake in shares of Pan American Silver by 66.7% during the third quarter. U S Global Investors Inc. now owns 50,000 shares of the basic materials company’s stock worth $1,044,000 after purchasing an additional 20,000 shares during the period. Institutional investors own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Jefferies Financial Group lifted their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada upped their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.42.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $22.20 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $26.05. The company’s 50 day moving average price is $22.77 and its two-hundred day moving average price is $21.59. The company has a market capitalization of $8.06 billion, a P/E ratio of -130.58 and a beta of 1.28.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a $0.10 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.80%. Pan American Silver’s dividend payout ratio is currently -235.28%.

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.