Advisors Asset Management Inc. Increases Position in Pan American Silver Corp. (NYSE:PAAS)

Advisors Asset Management Inc. raised its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,751 shares of the basic materials company’s stock after purchasing an additional 951 shares during the period. Advisors Asset Management Inc.’s holdings in Pan American Silver were worth $558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of PAAS. Eastern Bank purchased a new position in shares of Pan American Silver in the 3rd quarter valued at $28,000. Mark Sheptoff Financial Planning LLC grew its position in shares of Pan American Silver by 943.4% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock valued at $33,000 after buying an additional 1,500 shares during the last quarter. CWM LLC grew its position in shares of Pan American Silver by 31.6% in 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 during the last quarter. US Bancorp DE grew its position in shares of Pan American Silver by 13.4% in 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 during the last quarter. Finally, Signaturefd LLC grew its position in shares of Pan American Silver by 11.6% in 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 during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PAAS. Jefferies Financial Group increased their target price 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. StockNews.com raised shares of Pan American Silver from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Royal Bank of Canada raised their price objective 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.42.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $21.72 on Thursday. Pan American Silver Corp. has a 1 year low of $12.16 and a 1 year high of $26.05. The company has a market capitalization of $7.88 billion, a P/E ratio of -127.76 and a beta of 1.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. The company’s fifty day moving average is $22.50 and its two-hundred day moving average is $21.47.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is presently -235.28%.

About Pan American Silver

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.