Ashton Thomas Private Wealth LLC Makes New $482,000 Investment in Pan American Silver Corp. (NYSE:PAAS)

Ashton Thomas Private Wealth LLC purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 23,832 shares of the basic materials company's stock, valued at approximately $482,000.

Several other institutional investors have also bought and sold shares of the company. US Bancorp DE raised its position in shares of Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company's stock valued at $117,000 after purchasing an additional 660 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Pan American Silver by 12.6% during the third quarter. Janney Montgomery Scott LLC now owns 37,962 shares of the basic materials company's stock worth $792,000 after acquiring an additional 4,258 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Pan American Silver in the third quarter worth $212,000. Plato Investment Management Ltd purchased a new position in shares of Pan American Silver in the third quarter valued at $685,000. Finally, CIBC Asset Management Inc raised its stake in shares of Pan American Silver by 0.3% during the 3rd quarter. CIBC Asset Management Inc now owns 598,855 shares of the basic materials company's stock valued at $12,510,000 after purchasing an additional 2,020 shares during the period. Hedge funds and other institutional investors own 55.43% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Scotiabank raised their target price on Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a research note on Tuesday, February 25th. TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and cut their price objective for the company from $28.00 to $27.00 in a research report on Tuesday. Royal Bank of Canada increased their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Finally, StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Pan American Silver presently has a consensus rating of "Hold" and a consensus target price of $27.92.

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Pan American Silver Price Performance

Shares of NYSE:PAAS traded up $0.18 during trading on Friday, reaching $25.77. The company had a trading volume of 3,484,551 shares, compared to its average volume of 3,831,887. Pan American Silver Corp. has a 12 month low of $13.52 and a 12 month high of $26.25. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $9.33 billion, a P/E ratio of 80.52 and a beta of 1.25. The company has a fifty day moving average of $23.28 and a two-hundred day moving average of $22.32.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The firm had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Equities research analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Monday, March 3rd. Pan American Silver's payout ratio is currently 125.00%.

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.