10,167 Shares in Pan American Silver Corp. (NYSE:PAAS) Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,167 shares of the basic materials company’s stock, valued at approximately $212,000.

A number of other hedge funds have also added to or reduced their stakes in PAAS. Lighthouse Investment Partners LLC acquired a new position in shares of Pan American Silver during the 2nd quarter worth about $990,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Pan American Silver in the second quarter valued at approximately $963,000. Cetera Investment Advisers acquired a new position in shares of Pan American Silver during the 1st quarter worth approximately $1,565,000. Stratos Wealth Advisors LLC raised its stake in shares of Pan American Silver by 33.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock worth $3,324,000 after purchasing an additional 39,873 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Pan American Silver in the 1st quarter valued at approximately $421,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of PAAS opened at $22.53 on Friday. The company’s 50-day moving average is $22.47 and its 200-day moving average is $21.42. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. The firm has a market capitalization of $8.18 billion, a PE ratio of -132.53 and a beta of 1.33. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $26.05.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.78%. Pan American Silver’s dividend payout ratio (DPR) is presently -235.29%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PAAS shares. Royal Bank of Canada boosted their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Jefferies Financial Group lifted their price target on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.42.

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.