Strategic Financial Concepts LLC Makes New $735,000 Investment in Pan American Silver Corp. (NYSE:PAAS)

Strategic Financial Concepts LLC acquired a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,340 shares of the basic materials company's stock, valued at approximately $735,000.

Several other institutional investors have also bought and sold shares of PAAS. Creative Planning lifted its holdings in Pan American Silver by 10.2% in the third quarter. Creative Planning now owns 33,004 shares of the basic materials company's stock worth $689,000 after purchasing an additional 3,051 shares during the period. Raymond James & Associates raised its position in Pan American Silver by 10.4% in the third quarter. Raymond James & Associates now owns 249,300 shares of the basic materials company's stock worth $5,203,000 after acquiring an additional 23,543 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Pan American Silver by 8.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 439,700 shares of the basic materials company's stock worth $9,177,000 after acquiring an additional 35,400 shares in the last quarter. Eastern Bank bought a new stake in Pan American Silver in the third quarter worth about $28,000. Finally, International Assets Investment Management LLC bought a new stake in Pan American Silver in the third quarter worth about $1,659,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on PAAS. StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Royal Bank of Canada boosted their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Pan American Silver presently has an average rating of "Moderate Buy" and a consensus price target of $25.92.

Pan American Silver Stock Down 2.4 %

NYSE:PAAS traded down $0.60 on Friday, hitting $24.90. 2,118,399 shares of the company's stock traded hands, compared to its average volume of 2,959,622. The company has a market cap of $9.02 billion, a PE ratio of 77.79 and a beta of 1.28. The firm has a 50-day moving average price of $22.30 and a 200-day moving average price of $21.90. Pan American Silver Corp. has a 1 year low of $12.19 and a 1 year high of $26.05. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly 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 analysts' expectations of $805.20 million. Pan American Silver had a return on equity of 6.17% and a net margin of 3.98%. Equities analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.10 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.61%. Pan American Silver's payout ratio is 125.00%.

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.