Schonfeld Strategic Advisors LLC Takes Position in Pan American Silver Corp. (NYSE:PAAS)

Schonfeld Strategic Advisors LLC bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 10,973 shares of the basic materials company’s stock, valued at approximately $222,000.

Several other hedge funds also recently added to or reduced their stakes in PAAS. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Pan American Silver during the fourth quarter worth about $27,000. Laurel Wealth Advisors LLC acquired a new stake in Pan American Silver in the 4th quarter worth approximately $30,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Pan American Silver during the 4th quarter worth approximately $32,000. Decker Retirement Planning Inc. acquired a new position in Pan American Silver during the 4th quarter valued at approximately $32,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Pan American Silver by 164.3% in 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 last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Stock Up 0.9%

Shares of PAAS stock opened at $23.03 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a twelve month low of $17.86 and a twelve month high of $28.60. The stock has a 50 day moving average of $25.24 and a 200 day moving average of $23.53. The stock has a market cap of $8.34 billion, a P/E ratio of 71.97 and a beta of 0.75.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.23. The firm 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 firm’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 earnings per share. As a group, sell-side analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Tuesday, May 20th. Pan American Silver’s dividend payout ratio (DPR) is presently 45.98%.

Analyst Ratings Changes

Several research firms recently issued reports on PAAS. National Bankshares reissued an “outperform” rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a report on Wednesday, April 2nd. Scotiabank restated a “sector perform” rating on shares of Pan American Silver in a research note on Monday, April 14th. TD Securities dropped their target price on Pan American Silver from $30.00 to $26.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada raised their price target 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. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Pan American Silver has a consensus rating of “Hold” and an average price target of $29.50.

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.