Parkside Financial Bank & Trust Raises Holdings in Pan American Silver Corp. (NYSE:PAAS)

Parkside Financial Bank & Trust boosted its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 455.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,658 shares of the basic materials company’s stock after buying an additional 3,000 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Pan American Silver were worth $60,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Optiver Holding B.V. boosted its stake in Pan American Silver by 90.8% in the third quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 812 shares in the last quarter. CVA Family Office LLC acquired a new stake in Pan American Silver in the fourth quarter valued at approximately $46,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Pan American Silver in the third quarter valued at approximately $46,000. Dubuque Bank & Trust Co acquired a new stake in Pan American Silver in the third quarter valued at approximately $145,000. Finally, HTLF Bank acquired a new stake in Pan American Silver in the fourth quarter valued at approximately $163,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $19.02 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.23 and a quick ratio of 1.09. The firm has a fifty day moving average price of $15.48 and a 200 day moving average price of $14.99. Pan American Silver Corp. has a 1 year low of $12.16 and a 1 year high of $20.60.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). Pan American Silver had a positive return on equity of 0.44% and a negative net margin of 5.24%. The business had revenue of $669.60 million for the quarter, compared to analysts’ expectations of $657.65 million. During the same period last year, the business earned ($0.02) EPS. Equities research analysts anticipate that Pan American Silver Corp. will post 0.31 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, March 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.10%. Pan American Silver’s dividend payout ratio (DPR) is presently -133.33%.

Analyst Ratings Changes

Several brokerages have weighed in on PAAS. Scotiabank raised their target price on shares of Pan American Silver from $19.50 to $20.00 and gave the company a “sector outperform” rating in a research note on Monday, April 8th. StockNews.com downgraded shares of Pan American Silver from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. Jefferies Financial Group lifted their price objective on shares of Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd. CIBC lowered their price objective on shares of Pan American Silver from $28.00 to $27.50 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Finally, BMO Capital Markets lowered their price objective on shares of Pan American Silver from $27.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and an average target price of $21.00.

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.