Builder Investment Group Inc. ADV Purchases 1,700 Shares of Pan American Silver Corp. (NYSE:PAAS)

Builder Investment Group Inc. ADV lifted its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 259,074 shares of the basic materials company’s stock after buying an additional 1,700 shares during the quarter. Pan American Silver comprises approximately 1.4% of Builder Investment Group Inc. ADV’s investment portfolio, making the stock its 14th largest holding. Builder Investment Group Inc. ADV owned about 0.07% of Pan American Silver worth $5,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eastern Bank bought a new position in shares of Pan American Silver in the third quarter valued at approximately $28,000. Laurel Wealth Advisors LLC purchased a new position in Pan American Silver during the 4th quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pan American Silver in the 3rd quarter worth $32,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Pan American Silver by 943.4% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 1,500 shares during the last quarter. Finally, US Bancorp DE grew its position in Pan American Silver by 13.4% in 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 in the last quarter. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Down 0.9 %

Pan American Silver stock opened at $21.22 on Thursday. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of -124.82 and a beta of 1.27. The firm has a 50 day simple moving average of $21.70 and a 200 day simple moving average of $21.65. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $26.05. 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 Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 1.89%. Pan American Silver’s dividend payout ratio (DPR) is -235.29%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PAAS. Jefferies Financial Group raised their target price on Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, October 4th. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.