Plato Investment Management Ltd Takes Position in Pan American Silver Corp. (NYSE:PAAS)

Plato Investment Management Ltd purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,802 shares of the basic materials company's stock, valued at approximately $685,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tidal Investments LLC lifted its holdings in shares of Pan American Silver by 15,618.3% during the 1st quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company's stock valued at $57,340,000 after buying an additional 3,779,309 shares during the last quarter. Van ECK Associates Corp lifted its stake in Pan American Silver by 6.3% in the third quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company's stock valued at $824,632,000 after acquiring an additional 2,328,306 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in Pan American Silver in the second quarter worth approximately $38,116,000. Bank of New York Mellon Corp increased its stake in shares of Pan American Silver by 366.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,601,137 shares of the basic materials company's stock worth $31,831,000 after purchasing an additional 1,258,205 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Pan American Silver by 51.1% during the 2nd quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company's stock valued at $62,107,000 after purchasing an additional 1,056,981 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

Shares of Pan American Silver stock traded down $0.43 during trading on Friday, reaching $21.45. The company's stock had a trading volume of 10,321,604 shares, compared to its average volume of 4,094,153. The stock has a 50-day moving average price of $22.13 and a two-hundred day moving average price of $21.26. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a one year low of $12.16 and a one year high of $26.05. The stock has a market capitalization of $7.79 billion, a P/E ratio of -128.64 and a beta of 1.33.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.86%. Pan American Silver's dividend payout ratio is currently -235.28%.

Analyst Ratings Changes

A number of brokerages have recently commented on PAAS. Jefferies Financial Group increased their price objective on 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 lifted 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 raised 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.93.

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.