Janney Montgomery Scott LLC Purchases 4,258 Shares of Pan American Silver Corp. (NYSE:PAAS)

Janney Montgomery Scott LLC grew its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 12.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,962 shares of the basic materials company’s stock after buying an additional 4,258 shares during the period. Janney Montgomery Scott LLC’s holdings in Pan American Silver were worth $792,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Lighthouse Investment Partners LLC bought a new stake in Pan American Silver in the 2nd quarter worth approximately $990,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Pan American Silver in the 2nd quarter valued at $963,000. Cetera Investment Advisers bought a new position in Pan American Silver in the 1st quarter valued at $1,565,000. Stratos Wealth Advisors LLC lifted its holdings in shares of Pan American Silver by 33.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock worth $3,324,000 after buying an additional 39,873 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Pan American Silver in the 1st quarter worth $421,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Down 2.1 %

Shares of PAAS stock opened at $21.41 on Monday. The stock has a market cap of $7.77 billion, a P/E ratio of -125.94 and a beta of 1.33. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $26.05. The stock has a 50 day moving average of $22.18 and a 200 day moving average of $21.31. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is presently -235.29%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PAAS shares. Royal Bank of Canada upped their price objective on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. StockNews.com raised Pan American Silver from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, 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. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.93.

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.