Pan American Silver Corp. (NYSE:PAAS) Stock Position Reduced by NFJ Investment Group LLC

NFJ Investment Group LLC lessened its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 531,947 shares of the basic materials company’s stock after selling 11,301 shares during the period. NFJ Investment Group LLC owned about 0.15% of Pan American Silver worth $11,102,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Eastern Bank acquired a new stake in shares of Pan American Silver during the 3rd quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC raised its position in shares of Pan American Silver by 943.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 1,500 shares during the period. CWM LLC raised its position in shares of Pan American Silver by 31.6% during the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 510 shares during the period. US Bancorp DE raised its position in shares of 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. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Pan American Silver during the 3rd quarter worth approximately $146,000. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Up 4.1 %

Shares of PAAS stock traded up $0.88 during mid-day trading on Tuesday, hitting $22.22. 740,823 shares of the stock traded hands, compared to its average volume of 4,042,215. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $26.05. The company’s 50-day simple moving average is $22.55 and its 200-day simple moving average is $21.50. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Monday, November 18th. Pan American Silver’s payout ratio is -235.28%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PAAS shares. Jefferies Financial Group increased their price target 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 cut Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Royal Bank of Canada raised their target price on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.42.

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.