CM Management LLC Trims Position in Pan American Silver Corp. (NYSE:PAAS)

CM Management LLC trimmed its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 25.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,000 shares of the basic materials company’s stock after selling 25,000 shares during the period. CM Management LLC’s holdings in Pan American Silver were worth $1,491,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PAAS. International Assets Investment Management LLC purchased a new position in Pan American Silver during the fourth quarter valued at $901,000. National Bank of Canada FI lifted its position in Pan American Silver by 7.1% during the fourth quarter. National Bank of Canada FI now owns 908,559 shares of the basic materials company’s stock valued at $14,462,000 after purchasing an additional 60,137 shares during the last quarter. Metis Global Partners LLC lifted its position in Pan American Silver by 11.3% during the fourth quarter. Metis Global Partners LLC now owns 14,596 shares of the basic materials company’s stock valued at $238,000 after purchasing an additional 1,482 shares during the last quarter. SCP Investment LP bought a new position in Pan American Silver during the fourth quarter valued at $307,000. Finally, Monaco Asset Management SAM lifted its position in Pan American Silver by 12.0% during the fourth quarter. Monaco Asset Management SAM now owns 700,309 shares of the basic materials company’s stock valued at $11,436,000 after purchasing an additional 75,309 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

NYSE PAAS traded down $1.06 on Tuesday, hitting $19.15. The company had a trading volume of 1,222,014 shares, compared to its average volume of 4,182,366. The company has a market capitalization of $6.95 billion, a PE ratio of -41.07 and a beta of 1.31. The company’s fifty day moving average price is $21.22 and its 200-day moving average price is $18.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $24.27.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $696.08 million. During the same period in the previous year, the company earned $0.04 EPS. Pan American Silver’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, analysts predict that Pan American Silver Corp. will post 0.59 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Monday, August 19th. Pan American Silver’s dividend payout ratio is currently -86.96%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Pan American Silver from $22.00 to $24.00 in a research report on Tuesday, May 21st. CIBC boosted 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 report on Wednesday, July 10th. Jefferies Financial Group boosted their target price on shares of Pan American Silver from $19.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. Scotiabank boosted 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 report on Tuesday, July 16th. 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Pan American Silver presently has an average rating of “Moderate Buy” and a consensus 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.