17,825 Shares in Pan American Silver Corp. (PAAS) Purchased by Trexquant Investment LP

Trexquant Investment LP acquired a new position in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAAS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,825 shares of the basic materials company’s stock, valued at approximately $304,000.

Several other institutional investors also recently bought and sold shares of the stock. Legal & General Group Plc lifted its stake in shares of Pan American Silver by 32.9% in the third quarter. Legal & General Group Plc now owns 24,253 shares of the basic materials company’s stock worth $412,000 after acquiring an additional 6,000 shares during the period. AGF Investments Inc. lifted its stake in shares of Pan American Silver by 6.3% in the third quarter. AGF Investments Inc. now owns 115,700 shares of the basic materials company’s stock worth $1,973,000 after acquiring an additional 6,900 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Pan American Silver by 38.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,274 shares of the basic materials company’s stock worth $260,000 after acquiring an additional 4,226 shares during the period. Adirondack Research & Management Inc. lifted its stake in shares of Pan American Silver by 10.6% in the third quarter. Adirondack Research & Management Inc. now owns 177,703 shares of the basic materials company’s stock worth $3,030,000 after acquiring an additional 17,003 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Pan American Silver in the third quarter worth approximately $294,000. 53.91% of the stock is currently owned by institutional investors.

A number of research firms recently commented on PAAS. B. Riley raised Pan American Silver from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, November 9th. BMO Capital Markets set a $21.00 price target on Pan American Silver and gave the company a “buy” rating in a research note on Thursday, November 23rd. Royal Bank Of Canada boosted their price target on Pan American Silver from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, August 14th. BidaskClub raised Pan American Silver from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, Raymond James Financial raised Pan American Silver from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 21st. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Pan American Silver currently has a consensus rating of “Buy” and a consensus target price of $21.50.

Shares of Pan American Silver Corp. (NASDAQ:PAAS) opened at $14.59 on Wednesday. The company has a market capitalization of $2,240.00, a P/E ratio of 30.98, a PEG ratio of 7.64 and a beta of 0.09. Pan American Silver Corp. has a 1-year low of $14.05 and a 1-year high of $21.29.

Pan American Silver (NASDAQ:PAAS) (TSE:PAAS) last released its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The firm had revenue of $190.79 million during the quarter, compared to the consensus estimate of $199.43 million. Pan American Silver had a return on equity of 4.74% and a net margin of 9.34%. The company’s quarterly revenue was down 18.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share. equities analysts forecast that Pan American Silver Corp. will post 0.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 20th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.69%. Pan American Silver’s dividend payout ratio is 16.39%.

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About Pan American Silver

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.

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

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