Integrated Investment Consultants LLC Makes New Investment in Pan American Silver Corp. (NYSE:PAAS)

Integrated Investment Consultants LLC acquired a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 3rd quarter, HoldingsChannel reports. The fund acquired 40,140 shares of the basic materials company’s stock, valued at approximately $838,000.

Several other hedge funds have also added to or reduced their stakes in PAAS. Van ECK Associates Corp increased its stake in shares of Pan American Silver by 6.3% in 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 in the last quarter. Vanguard Group Inc. grew its stake in Pan American Silver by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company’s stock valued at $199,440,000 after acquiring an additional 159,908 shares in the last quarter. Tidal Investments LLC grew its stake in Pan American Silver by 15,618.3% during the first quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company’s stock valued at $57,340,000 after acquiring an additional 3,779,309 shares in the last quarter. Mackenzie Financial Corp grew its stake in Pan American Silver by 51.1% during the second quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock valued at $62,107,000 after acquiring an additional 1,056,981 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in Pan American Silver by 22.1% during the second 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 in the last quarter. Institutional investors own 55.43% of the company’s stock.

Analyst Ratings Changes

PAAS has been the subject of several recent analyst reports. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Tuesday. Jefferies Financial Group boosted their price target on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada boosted their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.42.

Pan American Silver Stock Up 1.8 %

Shares of NYSE PAAS opened at $22.82 on Friday. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $26.05. The firm has a market capitalization of $8.28 billion, a PE ratio of -134.21 and a beta of 1.33. The firm has a fifty day simple moving average of $22.45 and a two-hundred day simple moving average of $21.39.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Monday, November 18th. Pan American Silver’s dividend payout ratio is presently -235.29%.

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.