Parkside Financial Bank & Trust Boosts Holdings in Pan American Silver Corp. (NYSE:PAAS)

Parkside Financial Bank & Trust raised its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 455.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,658 shares of the basic materials company’s stock after acquiring an additional 3,000 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Pan American Silver were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Optiver Holding B.V. grew its holdings in shares of Pan American Silver by 90.8% during the third quarter. Optiver Holding B.V. now owns 1,706 shares of the basic materials company’s stock worth $25,000 after buying an additional 812 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Pan American Silver by 0.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 142,845 shares of the basic materials company’s stock worth $2,107,000 after acquiring an additional 857 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Pan American Silver by 0.5% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 174,400 shares of the basic materials company’s stock worth $2,861,000 after acquiring an additional 900 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Pan American Silver by 0.7% in the third quarter. Stifel Financial Corp now owns 146,442 shares of the basic materials company’s stock worth $2,120,000 after acquiring an additional 1,064 shares during the last quarter. Finally, AE Wealth Management LLC boosted its position in shares of Pan American Silver by 5.2% in the third quarter. AE Wealth Management LLC now owns 24,499 shares of the basic materials company’s stock worth $355,000 after acquiring an additional 1,204 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PAAS has been the topic of several research analyst reports. StockNews.com cut shares of Pan American Silver from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. Scotiabank raised their target price on shares of Pan American Silver from $19.50 to $20.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 8th. Jefferies Financial Group raised their target price on shares of Pan American Silver from $14.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. CIBC reduced their price target on shares of Pan American Silver from $28.00 to $27.50 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Finally, BMO Capital Markets reduced their price target on shares of Pan American Silver from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Pan American Silver Stock Up 0.3 %

Shares of PAAS stock opened at $19.02 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.23 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $20.60. The firm’s 50 day moving average price is $15.48 and its two-hundred day moving average price is $14.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The firm had revenue of $669.60 million for the quarter, compared to analysts’ expectations of $657.65 million. Pan American Silver had a negative net margin of 5.24% and a positive return on equity of 0.44%. During the same quarter in the prior year, the business earned ($0.02) EPS. Research analysts predict that Pan American Silver Corp. will post 0.31 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, March 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.10%. Pan American Silver’s dividend payout ratio is currently -133.33%.

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.