Raymond James Financial Inc. purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 337,974 shares of the basic materials company's stock, valued at approximately $6,834,000. Raymond James Financial Inc. owned approximately 0.09% of Pan American Silver at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Ingalls & Snyder LLC increased its holdings in shares of Pan American Silver by 5.4% in the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock worth $34,920,000 after acquiring an additional 89,011 shares during the period. Geode Capital Management LLC increased its stake in shares of Pan American Silver by 7.6% in the third quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company's stock valued at $31,713,000 after purchasing an additional 108,039 shares during the period. FMR LLC raised its holdings in shares of Pan American Silver by 1,834.8% during the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company's stock valued at $28,084,000 after buying an additional 1,275,475 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Pan American Silver by 30.1% during the third quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company's stock worth $23,857,000 after buying an additional 264,772 shares during the period. Finally, Alberta Investment Management Corp grew its holdings in Pan American Silver by 14.4% in the 4th quarter. Alberta Investment Management Corp now owns 1,108,186 shares of the basic materials company's stock worth $22,407,000 after buying an additional 139,661 shares in the last quarter. Institutional investors own 55.43% of the company's stock.
Pan American Silver Price Performance
Pan American Silver stock traded up $0.20 during midday trading on Tuesday, hitting $26.07. The company's stock had a trading volume of 1,509,099 shares, compared to its average volume of 3,807,763. Pan American Silver Corp. has a 12 month low of $13.91 and a 12 month high of $27.47. 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 stock's 50-day moving average price is $24.08 and its 200-day moving average price is $22.67. The company has a market capitalization of $9.44 billion, a PE ratio of 81.75 and a beta of 1.25.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. Analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.
Pan American Silver Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's dividend payout ratio is presently 125.00%.
Analysts Set New Price Targets
A number of brokerages have issued reports on PAAS. StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Scotiabank upped their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a report on Tuesday, February 25th. TD Securities cut 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 research note on Tuesday, March 11th. Finally, Royal Bank of Canada upped their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Pan American Silver has an average rating of "Hold" and a consensus price target of $27.92.
View Our Latest Research Report on Pan American Silver
About Pan American Silver
(
Free Report)
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.
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