Bank of Nova Scotia Boosts Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Bank of Nova Scotia increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 537,954 shares of the basic materials company's stock after purchasing an additional 12,977 shares during the quarter. Bank of Nova Scotia owned approximately 0.15% of Pan American Silver worth $10,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PAAS. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Pan American Silver during the fourth quarter worth about $27,000. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver in the 4th quarter valued at $30,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Pan American Silver during the 3rd quarter worth $32,000. Decker Retirement Planning Inc. acquired a new stake in shares of Pan American Silver during the fourth quarter worth $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Pan American Silver in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Trading Up 1.1 %

Shares of Pan American Silver stock traded up $0.29 during trading hours on Tuesday, hitting $27.47. The company's stock had a trading volume of 2,800,691 shares, compared to its average volume of 3,731,317. The business has a fifty day moving average of $24.83 and a 200 day moving average of $23.13. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $27.63. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $9.95 billion, a PE ratio of 85.84 and a beta of 1.06.

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

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.46%. Pan American Silver's dividend payout ratio (DPR) is presently 125.00%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Royal Bank of Canada raised 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 report on Tuesday, February 11th. TD Securities downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating and lowered their target price for the company from $28.00 to $27.00 in a report on Tuesday, March 11th. StockNews.com downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Finally, Scotiabank boosted their price objective on shares of Pan American Silver from $28.50 to $32.00 and gave the company a "sector outperform" rating in a research note on Monday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $28.50.

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.