Farther Finance Advisors LLC Purchases 1,209 Shares of Pan American Silver Corp. (NYSE:PAAS)

Farther Finance Advisors LLC lifted its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 164.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,945 shares of the basic materials company’s stock after buying an additional 1,209 shares during the period. Farther Finance Advisors LLC’s holdings in Pan American Silver were worth $39,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Advisors Asset Management Inc. increased its holdings in Pan American Silver by 3.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock valued at $558,000 after purchasing an additional 951 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in shares of Pan American Silver by 383.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 58,274 shares of the basic materials company’s stock worth $1,216,000 after acquiring an additional 46,224 shares during the period. Qsemble Capital Management LP purchased a new position in shares of Pan American Silver during the 3rd quarter worth approximately $692,000. FMR LLC grew its holdings in shares of Pan American Silver by 1,834.8% during the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock worth $28,084,000 after acquiring an additional 1,275,475 shares during the period. Finally, Verition Fund Management LLC purchased a new position in shares of Pan American Silver during the 3rd quarter worth approximately $1,340,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Down 2.5 %

PAAS opened at $25.73 on Monday. The firm has a market cap of $9.32 billion, a P/E ratio of 80.42 and a beta of 1.25. Pan American Silver Corp. has a 12 month low of $13.91 and a 12 month high of $27.47. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $23.97 and a 200 day moving average of $22.62.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. As a group, research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.10 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.55%. Pan American Silver’s payout ratio is 125.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Royal Bank of Canada upped their target price on Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Scotiabank increased their price target on Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a report on Tuesday, February 25th. TD Securities lowered Pan American Silver from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $28.00 to $27.00 in a research note on Tuesday, March 11th. Finally, StockNews.com lowered Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Pan American Silver currently has a consensus rating of “Hold” and an average price target of $27.92.

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.