Privium Fund Management B.V. Sells 6,914 Shares of Pan American Silver Corp. (NYSE:PAAS)

Privium Fund Management B.V. lowered its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 23.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,984 shares of the basic materials company’s stock after selling 6,914 shares during the period. Privium Fund Management B.V.’s holdings in Pan American Silver were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Perritt Capital Management Inc. lifted its stake in Pan American Silver by 76.9% in the first quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 1,000 shares during the last quarter. CWM LLC lifted its stake in Pan American Silver by 31.6% in the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 510 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in Pan American Silver by 73.3% in the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 2,200 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Pan American Silver in the fourth quarter valued at $103,000. Finally, Brown Brothers Harriman & Co. lifted its stake in Pan American Silver by 446.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 8,781 shares of the basic materials company’s stock valued at $143,000 after acquiring an additional 7,174 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Pan American Silver stock traded down $0.26 during midday trading on Friday, hitting $20.21. The company’s stock had a trading volume of 2,800,432 shares, compared to its average volume of 3,560,417. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $24.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92. The company has a 50-day moving average price of $21.22 and a two-hundred day moving average price of $18.81. The company has a market cap of $7.34 billion, a price-to-earnings ratio of -43.93 and a beta of 1.31.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The business had revenue of $686.30 million during the quarter, compared to analyst estimates of $696.08 million. During the same quarter last year, the firm earned $0.04 EPS. Pan American Silver’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts predict that Pan American Silver Corp. will post 0.59 earnings per share for the current year.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Monday, August 19th. Pan American Silver’s dividend payout ratio is currently -86.96%.

Wall Street Analysts Forecast Growth

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

Pan American Silver 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.