Sanctuary Advisors LLC Makes New $257,000 Investment in Pan American Silver Corp. (NYSE:PAAS)

Sanctuary Advisors LLC purchased a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,361 shares of the basic materials company’s stock, valued at approximately $257,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eastern Bank acquired a new position in Pan American Silver in the 3rd quarter worth about $28,000. Mark Sheptoff Financial Planning LLC lifted its stake in Pan American Silver by 943.4% in the second 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 during the last quarter. US Bancorp DE grew its position in Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock worth $117,000 after acquiring an additional 660 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Pan American Silver during the 3rd quarter worth $146,000. Finally, Signaturefd LLC raised its holdings in shares of Pan American Silver by 11.6% during the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 774 shares in the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $20.58 on Friday. The company has a market cap of $7.47 billion, a price-to-earnings ratio of -121.05 and a beta of 1.28. The business has a 50 day moving average price of $22.53 and a 200 day moving average price of $21.57. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $26.05.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a $0.10 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.94%. Pan American Silver’s payout ratio is -235.29%.

Wall Street Analyst Weigh In

Several equities analysts have commented on PAAS shares. Royal Bank of Canada increased their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group increased their price objective on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.