Aigen Investment Management LP Sells 9,683 Shares of Pan American Silver Corp. (NYSE:PAAS)

Aigen Investment Management LP reduced its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 38.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,705 shares of the basic materials company’s stock after selling 9,683 shares during the quarter. Aigen Investment Management LP’s holdings in Pan American Silver were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PAAS. Eastern Bank purchased a new stake in shares of Pan American Silver during the third quarter worth about $28,000. Mark Sheptoff Financial Planning LLC lifted its holdings in Pan American Silver by 943.4% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock worth $33,000 after buying an additional 1,500 shares during the period. CWM LLC lifted its holdings in Pan American Silver by 31.6% in the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after buying an additional 510 shares during the period. Perritt Capital Management Inc. grew its position in shares of Pan American Silver by 76.9% in the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock worth $35,000 after buying an additional 1,000 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its stake in shares of Pan American Silver by 73.3% during the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock valued at $78,000 after buying an additional 2,200 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on PAAS shares. 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. Royal Bank of Canada boosted their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, StockNews.com upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and an average target price of $24.93.

Pan American Silver Stock Performance

Pan American Silver stock opened at $21.45 on Friday. The stock’s 50 day moving average is $22.18 and its 200 day moving average is $21.27. The company has a market capitalization of $7.79 billion, a P/E ratio of -126.17 and a beta of 1.33. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $26.05. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, November 18th. Pan American Silver’s dividend payout ratio is presently -235.28%.

Pan American Silver Company 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.