Integrated Investment Consultants LLC Acquires Shares of 40,140 Pan American Silver Corp. (NYSE:PAAS)

Integrated Investment Consultants LLC bought a new stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 40,140 shares of the basic materials company's stock, valued at approximately $838,000.

Several other hedge funds also recently added to or reduced their stakes in PAAS. Lighthouse Investment Partners LLC acquired a new position in shares of Pan American Silver during the second quarter valued at approximately $990,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Pan American Silver in the second quarter worth approximately $963,000. Cetera Investment Advisers acquired a new stake in shares of Pan American Silver in the first quarter worth about $1,565,000. Stratos Wealth Advisors LLC raised its position in shares of Pan American Silver by 33.4% in the third quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company's stock valued at $3,324,000 after purchasing an additional 39,873 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Pan American Silver in the first quarter valued at about $421,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Royal Bank of Canada raised their target price on Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. StockNews.com downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Jefferies Financial Group increased their price target on shares of Pan American Silver from $21.00 to $23.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $25.42.

Pan American Silver Trading Down 1.7 %

Shares of Pan American Silver stock traded down $0.38 on Friday, hitting $22.53. The stock had a trading volume of 2,794,466 shares, compared to its average volume of 4,065,821. The stock has a 50 day moving average of $22.47 and a 200 day moving average of $21.42. The firm has a market capitalization of $8.18 billion, a P/E ratio of -132.53 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 debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, November 18th. Pan American Silver's dividend payout ratio (DPR) is presently -235.29%.

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.