National Bank of Canada FI Grows Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

National Bank of Canada FI boosted its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 30.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,143,061 shares of the basic materials company's stock after buying an additional 264,772 shares during the period. National Bank of Canada FI owned approximately 0.31% of Pan American Silver worth $23,857,000 at the end of the most recent reporting period.

A number of other large 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 valued at $28,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Pan American Silver by 943.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company's stock valued at $33,000 after buying an additional 1,500 shares during the period. CWM LLC increased its holdings in Pan American Silver by 31.6% during the second quarter. CWM LLC now owns 2,124 shares of the basic materials company's stock valued at $42,000 after buying an additional 510 shares during the last quarter. US Bancorp DE boosted its stake in shares of Pan American Silver by 13.4% during the 3rd quarter. US Bancorp DE now owns 5,600 shares of the basic materials company's stock worth $117,000 after acquiring an additional 660 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Pan American Silver during the 3rd quarter valued at $146,000. Hedge funds and other institutional investors own 55.43% of the company's stock.

Wall Street Analyst Weigh In

PAAS has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Finally, 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $25.42.

Pan American Silver Price Performance

PAAS stock traded down $0.18 during mid-day trading on Tuesday, hitting $23.10. The company had a trading volume of 2,436,352 shares, compared to its average volume of 4,026,509. The company has a 50-day moving average price of $22.65 and a 200 day moving average price of $21.54. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $26.05. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of -136.93 and a beta of 1.28. 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 disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.73%. Pan American Silver's payout ratio is currently -235.28%.

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.