Builder Investment Group Inc. ADV Purchases 1,700 Shares of Pan American Silver Corp. (NYSE:PAAS)

Builder Investment Group Inc. ADV raised its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,074 shares of the basic materials company’s stock after purchasing an additional 1,700 shares during the period. Pan American Silver accounts for 1.4% of Builder Investment Group Inc. ADV’s investment portfolio, making the stock its 14th biggest position. Builder Investment Group Inc. ADV’s holdings in Pan American Silver were worth $5,238,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PAAS. Eastern Bank bought a new stake in Pan American Silver during the third quarter valued at $28,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Pan American Silver in the 4th quarter valued at about $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pan American Silver during the 3rd quarter valued at about $32,000. Mark Sheptoff Financial Planning LLC increased 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 worth $33,000 after purchasing an additional 1,500 shares during the last quarter. Finally, US Bancorp DE raised its stake in Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after purchasing an additional 660 shares in the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on PAAS shares. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Jefferies Financial Group upped 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. 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.42.

Pan American Silver Stock Performance

Pan American Silver stock opened at $21.22 on Thursday. The firm has a fifty day simple moving average of $21.70 and a two-hundred day simple moving average of $21.65. Pan American Silver Corp. has a twelve month low of $12.16 and a twelve month high of $26.05. The company has a market capitalization of $7.70 billion, a PE ratio of -124.82 and a beta of 1.27. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16.

Pan American Silver Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.10 per share. The ex-dividend date was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.89%. Pan American Silver’s payout ratio is -235.29%.

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.