135,000 Shares of Pan American Silver Corp. $PAAS Bought by General American Investors Co. Inc.

General American Investors Co. Inc. acquired a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 135,000 shares of the basic materials company’s stock, valued at approximately $6,144,000.

A number of other institutional investors have also modified their holdings of PAAS. Fifth Third Bancorp increased its position in Pan American Silver by 1,336.1% during the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 481 shares in the last quarter. NFJ Investment Group LLC purchased a new position in Pan American Silver in the second quarter valued at approximately $25,000. Danske Bank A S purchased a new position in Pan American Silver in the second quarter valued at approximately $30,000. Latitude Advisors LLC purchased a new position in Pan American Silver in the third quarter valued at approximately $33,000. Finally, Paladin Partners LLC purchased a new position in Pan American Silver in the second quarter valued at approximately $40,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Royal Bank Of Canada reduced their price target on shares of Pan American Silver from $65.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 16th. Scotiabank reissued an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. BMO Capital Markets reissued a “market perform” rating on shares of Pan American Silver in a research note on Thursday, August 13th. Weiss Ratings lowered shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. Finally, Wall Street Zen cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Pan American Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.71.

Pan American Silver Stock Up 1.6%

Shares of PAAS stock traded up $0.64 during trading hours on Friday, reaching $41.22. The company had a trading volume of 4,629,968 shares, compared to its average volume of 3,982,444. The company has a market capitalization of $17.06 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 4.37 and a beta of 0.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94. Pan American Silver Corp. has a twelve month low of $33.62 and a twelve month high of $69.99. The stock’s fifty day simple moving average is $45.90 and its 200 day simple moving average is $51.43.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%. Pan American Silver’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS. As a group, sell-side analysts expect that Pan American Silver Corp. will post 3.34 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.1850 per share. This is an increase from Pan American Silver’s previous quarterly dividend of $0.1840. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, November 16th. Pan American Silver’s payout ratio is 22.36%.

About Pan American Silver

Pan American Silver Corp. is a Canada-based precious metals mining company that explores, develops and operates mines producing silver, gold, zinc, lead and other mineral concentrates. Its activities include mine development, mineral processing, exploration and related infrastructure and support services.

Founded in 1994, Pan American Silver has built a portfolio of mining operations and projects across the Americas. The company’s assets have included operations in Mexico, Peru, Bolivia, Argentina, Brazil and Chile, while certain properties in countries such as Guatemala have been placed on care and maintenance or otherwise reassessed over time.