Public Employees Retirement System of Ohio Makes New $547,000 Investment in Pan American Silver Corp. (NYSE:PAAS)

Public Employees Retirement System of Ohio bought a new position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 26,191 shares of the basic materials company's stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Raymond James & Associates grew its position in Pan American Silver by 2.2% during the second quarter. Raymond James & Associates now owns 225,757 shares of the basic materials company's stock valued at $4,488,000 after buying an additional 4,811 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Pan American Silver by 366.9% in the second quarter. Bank of New York Mellon Corp now owns 1,601,137 shares of the basic materials company's stock valued at $31,831,000 after acquiring an additional 1,258,205 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Pan American Silver by 153.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 52,007 shares of the basic materials company's stock valued at $1,034,000 after buying an additional 31,515 shares in the last quarter. Pullen Investment Management LLC raised its holdings in shares of Pan American Silver by 3.1% during the 2nd quarter. Pullen Investment Management LLC now owns 52,452 shares of the basic materials company's stock worth $1,043,000 after acquiring an additional 1,580 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Pan American Silver by 11.6% during the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company's stock valued at $148,000 after acquiring an additional 774 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Performance

NYSE:PAAS traded up $0.11 during mid-day trading on Friday, reaching $20.58. The stock had a trading volume of 5,869,759 shares, compared to its average volume of 4,006,449. The business has a 50 day simple moving average of $22.75 and a 200 day simple moving average of $21.56. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of -121.05 and a beta of 1.28. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $26.05.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Monday, November 18th. Pan American Silver's dividend payout ratio is presently -235.29%.

Wall Street Analyst Weigh In

PAAS has been the topic of a number of recent analyst reports. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Royal Bank of Canada increased their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group upped their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a research note on Friday, October 4th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $25.42.

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.