True North Advisors LLC Purchases New Stake in Pan American Silver Corp. (NYSE:PAAS)

True North Advisors LLC acquired a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,980 shares of the basic materials company’s stock, valued at approximately $323,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Eastern Bank bought a new stake in shares of Pan American Silver in the 3rd quarter worth approximately $28,000. Laurel Wealth Advisors LLC bought a new position in shares of Pan American Silver during the fourth quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new stake in Pan American Silver in the 3rd quarter valued at about $32,000. Decker Retirement Planning Inc. bought a new position in Pan American Silver in the 4th quarter worth about $32,000. Finally, Mark Sheptoff Financial Planning LLC raised its holdings in shares of Pan American Silver by 102.5% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company’s stock valued at $70,000 after buying an additional 1,700 shares during the last quarter. Institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Jefferies Financial Group raised their target price on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, October 4th. StockNews.com lowered shares of 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 three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.42.

Pan American Silver Price Performance

NYSE:PAAS opened at $21.83 on Thursday. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $21.63 and its 200 day moving average price is $21.69. Pan American Silver Corp. has a 52-week low of $12.16 and a 52-week high of $26.05.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.10 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.83%. Pan American Silver’s payout ratio is currently -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.