Raymond James & Associates Has $5.20 Million Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Raymond James & Associates boosted its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 10.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 249,300 shares of the basic materials company's stock after acquiring an additional 23,543 shares during the period. Raymond James & Associates owned approximately 0.07% of Pan American Silver worth $5,203,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in shares of Pan American Silver by 9.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 96,027 shares of the basic materials company's stock valued at $1,448,000 after purchasing an additional 8,504 shares during the period. StoneX Group Inc. raised its stake in shares of Pan American Silver by 14.9% in the 1st quarter. StoneX Group Inc. now owns 12,191 shares of the basic materials company's stock valued at $184,000 after purchasing an additional 1,579 shares during the period. Marlin Sams Capital Management LLC raised its stake in shares of Pan American Silver by 5.7% in the 1st quarter. Marlin Sams Capital Management LLC now owns 370,000 shares of the basic materials company's stock valued at $5,580,000 after purchasing an additional 20,000 shares during the period. SG Americas Securities LLC raised its stake in shares of Pan American Silver by 2.9% in the 1st quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company's stock valued at $714,000 after purchasing an additional 1,336 shares during the period. Finally, Retirement Planning Co of New England Inc. raised its stake in shares of Pan American Silver by 13.8% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 25,594 shares of the basic materials company's stock valued at $386,000 after purchasing an additional 3,094 shares during the period. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Stock Performance

Pan American Silver stock traded down $0.42 during midday trading on Friday, reaching $22.99. 2,615,630 shares of the company's stock were exchanged, compared to its average volume of 3,526,260. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $26.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 2.06. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of -58.95 and a beta of 1.33. The stock's 50-day simple moving average is $21.74 and its 200 day simple moving average is $21.04.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.04). Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The firm had revenue of $686.30 million for the quarter, compared to the consensus estimate of $696.08 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The company's revenue was up 7.3% on a year-over-year basis. On average, analysts expect that Pan American Silver Corp. will post 0.66 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Monday, August 19th. Pan American Silver's dividend payout ratio is presently -102.56%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Scotiabank lifted their target price on Pan American Silver from $23.00 to $26.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 16th. CIBC lifted their target price on Pan American Silver from $30.00 to $35.00 and gave the company an "outperformer" rating in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group lifted their target price on 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.93.

About Pan American Silver

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.