Stifel Financial Corp Acquires 19,425 Shares of Pan American Silver Corp. (NYSE:PAAS)

Stifel Financial Corp boosted its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 13.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,188 shares of the basic materials company's stock after purchasing an additional 19,425 shares during the quarter. Stifel Financial Corp's holdings in Pan American Silver were worth $3,239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Pan American Silver in the fourth quarter worth $27,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Pan American Silver during the fourth quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB bought a new position in Pan American Silver in the third quarter worth about $32,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Pan American Silver during the fourth quarter valued at $32,000. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Pan American Silver during the fourth quarter valued at approximately $32,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PAAS. Royal Bank of Canada increased their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. TD Securities cut Pan American Silver from a "buy" rating to a "hold" rating and reduced their price target for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Finally, StockNews.com downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Pan American Silver presently has an average rating of "Hold" and an average target price of $28.50.

Pan American Silver Trading Up 1.5 %

Shares of PAAS stock traded up $0.36 during trading hours on Monday, reaching $23.90. 3,289,838 shares of the stock traded hands, compared to its average volume of 3,707,754. The business has a fifty day moving average price of $25.16 and a 200 day moving average price of $23.55. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $8.66 billion, a PE ratio of 74.69 and a beta of 0.75. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $28.60.

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 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. The company had revenue of $815.10 million during the quarter, compared to analysts' expectations of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. On average, equities research analysts forecast that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's 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.