True North Advisors LLC Acquires Shares of 15,980 Pan American Silver Corp. (NYSE:PAAS)

True North Advisors LLC purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,980 shares of the basic materials company’s stock, valued at approximately $323,000.

Several other hedge funds have also made changes to their positions in PAAS. Eastern Bank bought a new position in shares of Pan American Silver in the 3rd quarter valued at approximately $28,000. Laurel Wealth Advisors LLC bought a new stake in Pan American Silver during the 4th quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in 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 fourth quarter worth approximately $32,000. Finally, Mark Sheptoff Financial Planning LLC boosted its position in shares of Pan American Silver by 102.5% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,359 shares of the basic materials company’s stock valued at $70,000 after acquiring an additional 1,700 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Ratings Changes

PAAS has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. 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 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 currently has an average rating of “Moderate Buy” and an average target price of $25.42.

Pan American Silver Trading Down 0.4 %

Shares of PAAS opened at $21.83 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. The company has a 50-day moving average price of $21.63 and a two-hundred day moving average price of $21.69. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $26.05.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is -235.28%.

About Pan American Silver

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.