Pan American Silver Corp. (NYSE:PAAS) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 12.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,962 shares of the basic materials company’s stock after buying an additional 4,258 shares during the period. Janney Montgomery Scott LLC’s holdings in Pan American Silver were worth $792,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC raised its position in Pan American Silver by 31.6% in the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 510 shares during the period. US Bancorp DE increased its holdings in Pan American Silver by 13.4% during the 3rd quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock worth $117,000 after purchasing an additional 660 shares during the period. Signaturefd LLC increased its holdings in Pan American Silver by 11.6% during the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 774 shares during the period. Perritt Capital Management Inc. increased its holdings in Pan American Silver by 76.9% during the 1st quarter. Perritt Capital Management Inc. now owns 2,300 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,000 shares during the period. Finally, Eastern Bank acquired a new position in shares of Pan American Silver during the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $21.41 on Monday. The business’s fifty day moving average price is $22.18 and its two-hundred day moving average price is $21.31. The stock has a market cap of $7.77 billion, a PE ratio of -125.94 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. Pan American Silver Corp. has a one year low of $12.16 and a one year high of $26.05.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is presently -235.29%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PAAS. Jefferies Financial Group upped their price objective on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. StockNews.com raised Pan American Silver from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada increased their target price on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.93.

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.