32,802 Shares in Pan American Silver Corp. (NYSE:PAAS) Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd acquired a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 32,802 shares of the basic materials company’s stock, valued at approximately $685,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PAAS. CWM LLC raised its position in shares of Pan American Silver by 31.6% during the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after buying an additional 510 shares in the last quarter. US Bancorp DE raised its position in shares of Pan American Silver by 13.4% during the 3rd quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after buying an additional 660 shares in the last quarter. Signaturefd LLC raised its position 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 buying an additional 774 shares in the last quarter. Perritt Capital Management Inc. raised its position in shares of 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 valued at $35,000 after buying an additional 1,000 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Pan American Silver by 2.9% during the 1st quarter. SG Americas Securities LLC now owns 47,330 shares of the basic materials company’s stock valued at $714,000 after buying an additional 1,336 shares in the last quarter. 55.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PAAS shares. 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 report on Friday, October 4th. Royal Bank of Canada lifted 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. Finally, StockNews.com upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Pan American Silver presently has a consensus rating of “Moderate Buy” and an average target price of $24.93.

Pan American Silver Stock Up 1.6 %

Shares of NYSE:PAAS opened at $21.87 on Friday. The company has a 50-day moving average price of $22.13 and a 200-day moving average price of $21.26. 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 12 month low of $12.16 and a 12 month high of $26.05.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is -235.28%.

Pan American Silver Company 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.