Pan American Silver Corp. (NYSE:PAAS) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd raised its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 383.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,274 shares of the basic materials company’s stock after buying an additional 46,224 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Pan American Silver were worth $1,216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in Pan American Silver by 6.3% during the third quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock worth $824,632,000 after purchasing an additional 2,328,306 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Pan American Silver by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company’s stock worth $199,440,000 after buying an additional 159,908 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Pan American Silver by 51.1% in the 2nd quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock worth $62,107,000 after buying an additional 1,056,981 shares in the last quarter. TD Asset Management Inc grew its stake in Pan American Silver by 22.1% in the 2nd quarter. TD Asset Management Inc now owns 2,186,157 shares of the basic materials company’s stock valued at $43,440,000 after acquiring an additional 395,589 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in Pan American Silver during the 2nd quarter valued at about $38,116,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Stock Up 0.1 %

Shares of NYSE PAAS opened at $21.72 on Wednesday. The firm has a market cap of $7.88 billion, a P/E ratio of -127.76 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 1 year low of $12.16 and a 1 year high of $26.05. The firm’s 50 day moving average price is $22.48 and its 200 day moving average price is $21.46.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a $0.10 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.84%. Pan American Silver’s payout ratio is currently -235.29%.

Analyst Upgrades and Downgrades

PAAS has been the topic of several recent research reports. Royal Bank of Canada upped their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group upped their target price on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, StockNews.com raised Pan American Silver from a “hold” rating to a “buy” rating in a research report on Monday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.42.

Pan American Silver 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.