Pan American Silver Corp. (NYSE:PAAS) Shares Bought by US Bancorp DE

US Bancorp DE increased its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 13.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,600 shares of the basic materials company’s stock after acquiring an additional 660 shares during the period. US Bancorp DE’s holdings in Pan American Silver were worth $117,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Eastern Bank acquired a new stake in shares of Pan American Silver in the third quarter valued at approximately $28,000. Mark Sheptoff Financial Planning LLC raised its stake in Pan American Silver by 943.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 1,500 shares in the last quarter. Perritt Capital Management Inc. boosted its position in Pan American Silver by 76.9% during the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 1,000 shares during the period. CWM LLC grew its stake in shares of Pan American Silver by 31.6% in the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 510 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in shares of Pan American Silver by 73.3% during the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 2,200 shares during the period. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada increased their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group raised their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, StockNews.com upgraded Pan American Silver from a “hold” rating to a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.93.

Pan American Silver Price Performance

NYSE PAAS opened at $21.45 on Friday. Pan American Silver Corp. has a 1 year low of $12.16 and a 1 year high of $26.05. The stock’s 50-day moving average price is $22.18 and its two-hundred day moving average price is $21.27. The company has a market cap of $7.79 billion, a PE ratio of -126.17 and a beta of 1.33. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Monday, November 18th. Pan American Silver’s dividend payout ratio is currently -235.28%.

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.