Steward Partners Investment Advisory LLC Raises Holdings in Pan American Silver Corp. (NYSE:PAAS)

Steward Partners Investment Advisory LLC grew its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 18.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,504 shares of the basic materials company’s stock after buying an additional 2,902 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Pan American Silver were worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA bought a new position in shares of Pan American Silver during the 4th quarter valued at $27,000. Laurel Wealth Advisors LLC bought a new position in shares of Pan American Silver during the 4th quarter valued at $30,000. Wilmington Savings Fund Society FSB bought a new position in shares of Pan American Silver during the 3rd quarter valued at $32,000. Decker Retirement Planning Inc. bought a new position in shares of Pan American Silver during the 4th quarter valued at $32,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Pan American Silver during the 4th quarter valued at $43,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $25.58 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The stock’s fifty day moving average is $23.28 and its 200 day moving average is $22.32. The stock has a market cap of $9.26 billion, a P/E ratio of 79.92 and a beta of 1.25. Pan American Silver Corp. has a one year low of $13.52 and a one year high of $26.13.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $815.10 million for the quarter, compared to analysts’ expectations of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. Sell-side analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.56%. Pan American Silver’s dividend payout ratio is presently 125.00%.

Analysts Set New Price Targets

PAAS has been the topic of several research analyst reports. TD Securities cut Pan American Silver from a “buy” rating to a “hold” rating and lowered their price target for the company from $28.00 to $27.00 in a report on Tuesday. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Scotiabank raised their target price on Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Tuesday, February 25th. Finally, Royal Bank of Canada raised 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Pan American Silver has an average rating of “Hold” and a consensus price target of $27.92.

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.