Sanctuary Advisors LLC Buys New Shares in Pan American Silver Corp. (NYSE:PAAS)

Sanctuary Advisors LLC purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 11,361 shares of the basic materials company’s stock, valued at approximately $257,000.

Several other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE increased its position in shares of Pan American Silver by 13.4% during the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 660 shares during the period. Signaturefd LLC boosted its stake in Pan American Silver by 11.6% during the second quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock worth $148,000 after buying an additional 774 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Pan American Silver by 3.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock valued at $558,000 after buying an additional 951 shares during the period. Eastern Bank acquired a new position in shares of Pan American Silver in the 3rd quarter valued at $28,000. Finally, Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Pan American Silver by 943.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 1,500 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Down 1.2 %

Shares of PAAS opened at $20.58 on Friday. The business’s 50 day simple moving average is $22.53 and its 200-day simple moving average is $21.57. Pan American Silver Corp. has a one year low of $12.16 and a one year high of $26.05. The company has a market capitalization of $7.47 billion, a P/E ratio of -121.05 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96.

Pan American Silver Announces Dividend

The firm also recently declared 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 of this dividend was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.94%. Pan American Silver’s dividend payout ratio is -235.29%.

Analysts Set New Price Targets

Several research analysts recently issued reports on PAAS shares. StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Jefferies Financial Group increased their target price on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada boosted their price target on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.