True North Advisors LLC Acquires Shares of 15,980 Pan American Silver Corp. (NYSE:PAAS)

True North Advisors LLC purchased a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,980 shares of the basic materials company's stock, valued at approximately $323,000.

Other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new stake in shares of Pan American Silver during the 2nd quarter valued at $384,000. Point72 DIFC Ltd bought a new stake in Pan American Silver during the second quarter valued at about $234,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Pan American Silver during the second quarter valued at about $963,000. AQR Capital Management LLC bought a new stake in Pan American Silver during the 2nd quarter valued at approximately $238,000. Finally, The Manufacturers Life Insurance Company raised its stake in Pan American Silver by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,829,052 shares of the basic materials company's stock valued at $36,300,000 after purchasing an additional 27,372 shares during the period. Institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Up 0.1 %

Pan American Silver stock traded up $0.02 during mid-day trading on Thursday, reaching $21.86. 2,477,674 shares of the company were exchanged, compared to its average volume of 2,729,512. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $26.05. The business has a fifty day moving average of $21.63 and a 200 day moving average of $21.69. The firm has a market cap of $7.93 billion, a P/E ratio of -128.55 and a beta of 1.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.83%. Pan American Silver's dividend payout ratio (DPR) is -235.28%.

Analysts Set New Price Targets

PAAS has been the topic of a number of research reports. StockNews.com downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Jefferies Financial Group lifted their target price on Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a report on Friday, October 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Pan American Silver has an average rating of "Moderate Buy" and a consensus price target of $25.42.

Pan American Silver 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.