Toronto Dominion Bank Has $2.80 Million Stock Holdings in Pan American Silver Corp. (NYSE:PAAS)

Toronto Dominion Bank lifted its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 7.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 138,460 shares of the basic materials company’s stock after buying an additional 9,902 shares during the period. Toronto Dominion Bank’s holdings in Pan American Silver were worth $2,797,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Comprehensive Financial Planning Inc. PA acquired a new stake in Pan American Silver in the fourth quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Pan American Silver in the fourth quarter valued at approximately $32,000. Farther Finance Advisors LLC boosted its position in Pan American Silver by 164.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company’s stock valued at $39,000 after buying an additional 1,209 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Pan American Silver in the fourth quarter valued at approximately $43,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Pan American Silver in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Scotiabank reaffirmed a “sector perform” rating on shares of Pan American Silver in a report on Monday, April 14th. CIBC upped their target price on Pan American Silver from $38.00 to $42.00 and gave the stock an “outperformer” rating in a report on Thursday, May 8th. National Bankshares reaffirmed an “outperform” rating on shares of Pan American Silver in a report on Wednesday, April 2nd. BMO Capital Markets assumed coverage on Pan American Silver in a report on Wednesday, April 16th. They issued a “market perform” rating for the company. Finally, TD Securities lowered their target price on Pan American Silver from $30.00 to $26.00 and set a “hold” rating for the company in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Pan American Silver has a consensus rating of “Moderate Buy” and a consensus price target of $30.60.

Pan American Silver Trading Down 1.1%

NYSE PAAS opened at $23.84 on Friday. The business’s 50-day moving average price is $24.99 and its two-hundred day moving average price is $23.51. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $28.60. The firm has a market capitalization of $8.63 billion, a PE ratio of 74.50 and a beta of 0.75. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.23. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The firm had revenue of $773.20 million for the quarter, compared to analyst estimates of $696.62 million. During the same quarter in the previous year, the company posted $0.01 EPS. The business’s revenue was up 28.6% on a year-over-year basis. On average, analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.68%. Pan American Silver’s dividend payout ratio (DPR) is presently 45.98%.

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.