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

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

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PAAS shares. Jefferies Financial Group raised 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 report on Friday, October 4th. StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday, December 1st. Finally, Royal Bank of Canada increased their target price on Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Pan American Silver has a consensus rating of "Moderate Buy" and an average target price of $25.42.

Pan American Silver Trading Up 0.5 %

Shares of Pan American Silver stock traded up $0.11 during trading hours on Friday, hitting $20.58. The company's stock had a trading volume of 5,869,759 shares, compared to its average volume of 4,006,449. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $7.47 billion, a PE ratio of -121.05 and a beta of 1.28. The business has a fifty day moving average of $22.72 and a 200 day moving average of $21.55. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $26.05.

Pan American Silver Announces Dividend

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 dividend of $0.10 per share. The ex-dividend date was Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.94%. Pan American Silver's dividend payout ratio is presently -235.29%.

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.