Freedom Investment Management Inc. Has $568,000 Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Freedom Investment Management Inc. cut its holdings in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,237 shares of the basic materials company’s stock after selling 1,554 shares during the quarter. Freedom Investment Management Inc.’s holdings in Pan American Silver were worth $568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eastern Bank acquired a new position in shares of Pan American Silver during the third quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC grew its holdings in shares of Pan American Silver by 943.4% during 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 buying an additional 1,500 shares during the last quarter. CWM LLC raised its holdings in shares of Pan American Silver by 31.6% in the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 510 shares during the last quarter. US Bancorp DE lifted 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 valued at $117,000 after acquiring an additional 660 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Pan American Silver by 11.6% during the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 774 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on PAAS shares. StockNews.com raised Pan American Silver from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Jefferies Financial Group increased their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada increased their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $25.42.

Pan American Silver Trading Up 1.2 %

Shares of Pan American Silver stock opened at $21.99 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. The stock has a market capitalization of $7.98 billion, a P/E ratio of -129.32 and a beta of 1.33. Pan American Silver Corp. has a 52-week low of $12.16 and a 52-week high of $26.05. The stock’s 50-day simple moving average is $22.54 and its 200 day simple moving average is $21.47.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is presently -235.28%.

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.