SG Americas Securities LLC Sells 42,023 Shares of Pan American Silver Corp. (NASDAQ:PAAS)

SG Americas Securities LLC cut its holdings in Pan American Silver Corp. (NASDAQ:PAASGet Rating) (TSE:PAAS) by 51.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,603 shares of the basic materials company’s stock after selling 42,023 shares during the period. SG Americas Securities LLC’s holdings in Pan American Silver were worth $629,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Hollencrest Capital Management boosted its holdings in Pan American Silver by 31.3% in the third quarter. Hollencrest Capital Management now owns 22,017 shares of the basic materials company’s stock worth $350,000 after purchasing an additional 5,250 shares in the last quarter. US Bancorp DE boosted its holdings in Pan American Silver by 41.9% during the third quarter. US Bancorp DE now owns 3,515 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 1,038 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Pan American Silver by 60.7% during the third quarter. Assenagon Asset Management S.A. now owns 691,148 shares of the basic materials company’s stock valued at $10,975,000 after acquiring an additional 261,012 shares during the period. Lesa Sroufe & Co bought a new stake in Pan American Silver during the third quarter valued at about $1,991,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Pan American Silver by 25.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 114,930 shares of the basic materials company’s stock valued at $1,825,000 after acquiring an additional 23,271 shares during the period. 44.11% of the stock is currently owned by institutional investors.

Pan American Silver Stock Up 2.6 %

NASDAQ PAAS opened at $19.08 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.96 and a current ratio of 2.12. The firm has a 50-day simple moving average of $16.72 and a 200 day simple moving average of $16.79. Pan American Silver Corp. has a twelve month low of $13.40 and a twelve month high of $30.56. The stock has a market cap of $4.02 billion, a PE ratio of -25.44 and a beta of 1.13.

Pan American Silver (NASDAQ:PAASGet Rating) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, November 9th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.05. Pan American Silver had a negative net margin of 10.01% and a positive return on equity of 2.47%. The firm had revenue of $338.89 million during the quarter, compared to analyst estimates of $351.58 million. On average, research analysts forecast that Pan American Silver Corp. will post 0.05 EPS for the current year.

Pan American Silver Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Investors of record on Monday, November 21st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.10%. The ex-dividend date was Friday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is presently -53.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PAAS shares. StockNews.com cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a report on Monday, December 5th. TD Securities decreased their price target on shares of Pan American Silver from $22.00 to $20.00 and set a “buy” rating for the company in a report on Friday, November 11th. National Bank Financial decreased their price target on shares of Pan American Silver from C$33.00 to C$31.50 in a report on Thursday, October 13th. Finally, Royal Bank of Canada upgraded shares of Pan American Silver from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $19.00 to $22.00 in a research note on Wednesday, January 11th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.70.

Pan American Silver Company Profile

(Get Rating)

Pan American Silver Corp. engages in the exploration, development, extraction, processing, refining, and reclamation of mineral properties. The firm operates through the following segments: Silver, Gold, and Other. The company was founded by Ross J. Beaty and John J. Wright on March 17, 1979 and is headquartered in Vancouver, Canada.

See Also

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

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