Bayesian Capital Management LP Sells 34,000 Shares of Pan American Silver Corp. (NYSE:PAAS)

Bayesian Capital Management LP trimmed its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 65.1% in the fourth quarter, Holdings Channel reports. The firm owned 18,200 shares of the basic materials company’s stock after selling 34,000 shares during the quarter. Bayesian Capital Management LP’s holdings in Pan American Silver were worth $368,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Pan American Silver during the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC acquired a new position in shares of Pan American Silver in the fourth quarter valued at $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Pan American Silver in the third quarter valued at about $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Pan American Silver during the 4th quarter worth about $32,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Pan American Silver during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

PAAS has been the subject of several research reports. Scotiabank restated a “sector perform” rating on shares of Pan American Silver in a research report on Monday, April 14th. Royal Bank of Canada lifted their price target on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. National Bankshares reaffirmed an “outperform” rating on shares of Pan American Silver in a report on Wednesday, April 2nd. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Wednesday, April 2nd. Finally, TD Securities lowered shares of Pan American Silver from a “buy” rating to a “hold” rating and lowered their price target for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $28.50.

Pan American Silver Price Performance

PAAS stock opened at $24.58 on Thursday. The company’s 50-day moving average price is $25.20 and its two-hundred day moving average price is $23.56. The firm has a market cap of $8.90 billion, a P/E ratio of 76.80 and a beta of 0.75. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $28.60.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.19 by $0.23. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The company’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. On average, analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver’s dividend payout ratio is presently 125.00%.

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.