Pan American Silver Corp. (NYSE:PAAS) Shares Bought by Bank of Nova Scotia

Bank of Nova Scotia boosted its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 537,954 shares of the basic materials company's stock after acquiring an additional 12,977 shares during the period. Bank of Nova Scotia owned 0.15% of Pan American Silver worth $10,881,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Pan American Silver in the fourth quarter worth $27,000. Laurel Wealth Advisors LLC purchased a new stake in Pan American Silver during the fourth quarter valued at about $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pan American Silver in the 3rd quarter valued at approximately $32,000. Decker Retirement Planning Inc. acquired a new position in shares of Pan American Silver during the 4th quarter valued at $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Pan American Silver in the 4th quarter worth approximately $32,000. 55.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on PAAS. Royal Bank of Canada raised their price objective on Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. TD Securities downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating and lowered their price target for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Scotiabank raised their target price on shares of Pan American Silver from $28.50 to $32.00 and gave the stock a "sector outperform" rating in a research note on Monday. Finally, BMO Capital Markets started coverage on Pan American Silver in a research report on Wednesday. They set a "market perform" rating for the company. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $28.50.

Pan American Silver Price Performance

Shares of PAAS traded up $0.76 during trading hours on Wednesday, reaching $28.22. 2,500,186 shares of the company traded hands, compared to its average volume of 3,709,704. The stock has a fifty day simple moving average of $24.88 and a 200 day simple moving average of $23.16. 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 Corp. has a fifty-two week low of $17.86 and a fifty-two week high of $28.57. The stock has a market capitalization of $10.22 billion, a PE ratio of 88.19 and a beta of 1.06.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting analysts' consensus estimates of $0.35. The company had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. As a group, research analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.42%. The ex-dividend date was Monday, March 3rd. Pan American Silver's dividend payout ratio is presently 125.00%.

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.