Northwest & Ethical Investments L.P. Buys 972 Shares of Pan American Silver Corp. (NYSE:PAAS)

Northwest & Ethical Investments L.P. grew its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,451 shares of the basic materials company’s stock after acquiring an additional 972 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Pan American Silver were worth $1,423,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PAAS. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Pan American Silver during the fourth quarter valued at $27,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Pan American Silver during the fourth quarter valued at $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pan American Silver during the third quarter valued at $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Pan American Silver during the fourth quarter valued at $32,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Pan American Silver during the fourth quarter valued at $32,000. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank of Canada increased their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Scotiabank raised their target price on Pan American Silver from $28.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Tuesday, February 25th. Finally, TD Securities cut Pan American Silver from a “buy” rating to a “hold” rating and dropped their target price for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.92.

Pan American Silver Stock Down 2.5 %

NYSE PAAS opened at $25.73 on Friday. The stock’s 50-day moving average price is $23.97 and its 200-day moving average price is $22.57. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 52 week low of $13.79 and a 52 week high of $27.47. The company has a market capitalization of $9.32 billion, a P/E ratio of 80.42 and a beta of 1.25.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The firm had revenue of $815.10 million for the quarter, compared to the consensus estimate of $805.20 million. On average, equities research analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Monday, March 3rd. Pan American Silver’s dividend payout ratio (DPR) is currently 125.00%.

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.