Pan American Silver Corp. (NYSE:PAAS) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank grew its stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,558 shares of the basic materials company’s stock after purchasing an additional 9,887 shares during the quarter. Toronto Dominion Bank’s holdings in Pan American Silver were worth $2,683,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Eastern Bank acquired a new position in Pan American Silver in the 3rd quarter valued at $28,000. Mark Sheptoff Financial Planning LLC raised its position in shares of Pan American Silver by 943.4% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company’s stock valued at $33,000 after buying an additional 1,500 shares during the last quarter. CWM LLC lifted its stake in shares of Pan American Silver by 31.6% in the second quarter. CWM LLC now owns 2,124 shares of the basic materials company’s stock worth $42,000 after buying an additional 510 shares in the last quarter. US Bancorp DE boosted its position in Pan American Silver by 13.4% during the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock worth $117,000 after acquiring an additional 660 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Pan American Silver during the 3rd quarter valued at about $146,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Jefferies Financial Group raised 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 note on Friday, October 4th. Royal Bank of Canada lifted their price objective on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, StockNews.com cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.42.

Pan American Silver Price Performance

PAAS opened at $22.21 on Monday. Pan American Silver Corp. has a one year low of $12.16 and a one year high of $26.05. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average price is $22.77 and its 200 day moving average price is $21.58.

Pan American Silver Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was 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.