Raymond James Financial Inc. Buys New Position in Pan American Silver Corp. (NYSE:PAAS)

Raymond James Financial Inc. purchased a new stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 about 0.09% of Pan American Silver as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA acquired a new stake in Pan American Silver during the fourth quarter worth about $27,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver during the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Pan American Silver during the 3rd quarter valued at approximately $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Pan American Silver during the fourth quarter worth $32,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Pan American Silver during the fourth quarter valued at $32,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Trading Down 0.5 %

Pan American Silver stock traded down $0.14 during trading on Monday, reaching $25.34. 2,179,973 shares of the company were exchanged, compared to its average volume of 3,710,375. The stock's 50 day simple moving average is $25.18 and its two-hundred day simple moving average is $23.46. The company has a market capitalization of $9.18 billion, a P/E ratio of 79.12 and a beta of 1.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. Pan American Silver Corp. has a 52-week low of $17.86 and a 52-week high of $28.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. The firm 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%. On average, equities research analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.58%. Pan American Silver's payout ratio is 125.00%.

Wall Street Analyst Weigh In

PAAS has been the topic of a number of analyst reports. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. BMO Capital Markets assumed coverage on Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating on the stock. TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and cut their price target for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada lifted their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $28.50.

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.