10,171 Shares in Pan American Silver Corp. (NYSE:PAAS) Bought by Laffer Tengler Investments Inc.

Laffer Tengler Investments Inc. bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, Holdings Channel.com reports. The firm bought 10,171 shares of the basic materials company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA bought a new stake in Pan American Silver in the 4th quarter valued at about $27,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Pan American Silver in the fourth quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pan American Silver during the third quarter valued at approximately $32,000. Decker Retirement Planning Inc. acquired a new position in shares of Pan American Silver during the fourth quarter worth approximately $32,000. Finally, SBI Securities Co. Ltd. bought a new position in Pan American Silver in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. TD Securities lifted their target price on Pan American Silver from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Scotiabank lifted their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Tuesday, February 25th. Royal Bank of Canada upped their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Two investment analysts have rated the stock with a hold rating and three have issued 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 price target of $28.08.

Pan American Silver Trading Up 0.8 %

Shares of PAAS stock opened at $23.70 on Wednesday. The stock has a 50-day simple moving average of $22.79 and a 200 day simple moving average of $22.19. The stock has a market capitalization of $8.58 billion, a P/E ratio of 74.06 and a beta of 1.28. Pan American Silver Corp. has a fifty-two week low of $13.16 and a fifty-two week high of $26.05. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The company had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. On average, sell-side analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.10 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.69%. Pan American Silver’s dividend payout ratio is currently 125.00%.

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.