Laurel Wealth Advisors LLC Takes $30,000 Position in Pan American Silver Corp. (NYSE:PAAS)

Laurel Wealth Advisors LLC bought a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,500 shares of the basic materials company’s stock, valued at approximately $30,000.

Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in Pan American Silver by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock valued at $824,632,000 after buying an additional 2,328,306 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in Pan American Silver in the 2nd quarter worth $38,116,000. FMR LLC boosted 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 valued at $28,084,000 after purchasing an additional 1,275,475 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Pan American Silver by 51.1% during the second quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock valued at $62,107,000 after purchasing an additional 1,056,981 shares in the last quarter. Finally, Marlin Sams Capital Management LLC increased its holdings in shares of Pan American Silver by 89.2% in the third quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock worth $14,609,000 after purchasing an additional 330,000 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Trading Down 0.9 %

PAAS opened at $21.22 on Thursday. The stock has a 50-day moving average of $21.72 and a 200 day moving average of $21.66. 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 Corp. has a 12 month low of $12.16 and a 12 month high of $26.05. The firm has a market cap of $7.70 billion, a P/E ratio of -124.82 and a beta of 1.27.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.89%. Pan American Silver’s payout ratio is presently -235.29%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Jefferies Financial Group increased their price target on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.42.

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.