Virtu Financial LLC Has $770,000 Holdings in Pan American Silver Corp. (NYSE:PAAS)

Virtu Financial LLC lifted its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 23.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,873 shares of the basic materials company’s stock after purchasing an additional 7,114 shares during the quarter. Virtu Financial LLC’s holdings in Pan American Silver were worth $770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lighthouse Investment Partners LLC bought a new position in shares of Pan American Silver during the 2nd quarter worth about $990,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Pan American Silver during the second quarter worth about $963,000. Stratos Wealth Advisors LLC lifted its stake in Pan American Silver by 33.4% during the third quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock worth $3,324,000 after purchasing an additional 39,873 shares during the period. Marlin Sams Capital Management LLC boosted its holdings in Pan American Silver by 89.2% during the third quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock valued at $14,609,000 after purchasing an additional 330,000 shares in the last quarter. Finally, U S Global Investors Inc. grew its stake in shares of Pan American Silver by 66.7% in the 3rd quarter. U S Global Investors Inc. now owns 50,000 shares of the basic materials company’s stock valued at $1,044,000 after purchasing an additional 20,000 shares during the period. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Performance

Pan American Silver stock opened at $22.20 on Friday. The stock has a 50-day simple moving average of $22.77 and a 200 day simple moving average of $21.59. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of -130.58 and a beta of 1.28. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $26.05.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.10 per share. The ex-dividend date was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.80%. Pan American Silver’s payout ratio is -235.28%.

Analyst Ratings Changes

Several analysts recently commented on PAAS shares. StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Royal Bank of Canada upped their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Finally, Jefferies Financial Group lifted their price target on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a report on Friday, October 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $25.42.

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.