Pan American Silver Corp. (NYSE:PAAS) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc raised its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 0.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 598,855 shares of the basic materials company’s stock after buying an additional 2,020 shares during the quarter. CIBC Asset Management Inc’s holdings in Pan American Silver were worth $12,510,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of PAAS. Vanguard Group Inc. boosted its stake in shares of Pan American Silver by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company’s stock valued at $199,440,000 after buying an additional 159,908 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in shares of Pan American Silver by 73.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 2,200 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Pan American Silver by 227.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 524,568 shares of the basic materials company’s stock valued at $7,874,000 after purchasing an additional 364,593 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Pan American Silver by 8.6% in the first quarter. Advisors Asset Management Inc. now owns 23,955 shares of the basic materials company’s stock valued at $361,000 after purchasing an additional 1,904 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new stake in Pan American Silver during the first quarter worth about $421,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

PAAS has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group lifted their price objective on Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, StockNews.com upgraded Pan American Silver from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver currently has a consensus rating of “Moderate Buy” and an average price target of $24.93.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $21.41 on Friday. 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 business’s fifty day moving average price is $22.18 and its two-hundred day moving average price is $21.29. The stock has a market cap of $7.77 billion, a PE ratio of -125.93 and a beta of 1.33. Pan American Silver Corp. has a one year low of $12.16 and a one year high of $26.05.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Monday, November 18th. Pan American Silver’s dividend payout ratio is presently -235.28%.

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.