Pan American Silver Corp. (NYSE:PAAS) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 383.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,274 shares of the basic materials company’s stock after purchasing an additional 46,224 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Pan American Silver were worth $1,216,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Integrated Investment Consultants LLC acquired a new stake in Pan American Silver in the third quarter valued at $838,000. Foundry Partners LLC increased its holdings in shares of Pan American Silver by 22.7% in the 3rd quarter. Foundry Partners LLC now owns 320,069 shares of the basic materials company’s stock valued at $6,680,000 after acquiring an additional 59,304 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Pan American Silver by 3.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company’s stock worth $558,000 after acquiring an additional 951 shares in the last quarter. Swiss National Bank boosted its holdings in Pan American Silver by 0.3% in the third quarter. Swiss National Bank now owns 1,097,619 shares of the basic materials company’s stock valued at $22,955,000 after purchasing an additional 3,400 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in Pan American Silver by 0.3% in the third quarter. CIBC Asset Management Inc now owns 598,855 shares of the basic materials company’s stock valued at $12,510,000 after purchasing an additional 2,020 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Pan American Silver Stock Up 0.1 %

PAAS opened at $21.72 on Wednesday. The business has a 50 day moving average price of $22.48 and a two-hundred day moving average price of $21.46. Pan American Silver Corp. has a 52 week low of $12.16 and a 52 week high of $26.05. The company has a market cap of $7.88 billion, a PE ratio of -127.76 and a beta of 1.33. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a $0.10 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.84%. Pan American Silver’s dividend payout ratio (DPR) is presently -235.29%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PAAS. Royal Bank of Canada boosted their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Jefferies Financial Group upped 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. Finally, StockNews.com raised Pan American Silver from a “hold” rating to a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.42.

Pan American Silver 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.