Decker Retirement Planning Inc. Invests $32,000 in Pan American Silver Corp. (NYSE:PAAS)

Decker Retirement Planning Inc. bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,598 shares of the basic materials company’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of Pan American Silver by 6.3% in the third quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock valued at $824,632,000 after buying an additional 2,328,306 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Pan American Silver by 51.1% during the 2nd quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company’s stock valued at $62,107,000 after purchasing an additional 1,056,981 shares during the last quarter. Driehaus Capital Management LLC bought a new position in Pan American Silver during the second quarter worth $38,116,000. The Manufacturers Life Insurance Company increased its holdings in shares of Pan American Silver by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,829,052 shares of the basic materials company’s stock valued at $36,300,000 after purchasing an additional 27,372 shares during the last quarter. Finally, Ingalls & Snyder LLC raised its position in shares of Pan American Silver by 3.4% in the third quarter. Ingalls & Snyder LLC now owns 1,637,988 shares of the basic materials company’s stock valued at $34,185,000 after purchasing an additional 53,500 shares during the period. Institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of NYSE:PAAS opened at $21.47 on Friday. 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 Corp. has a 12-month low of $12.16 and a 12-month high of $26.05. The company’s 50 day moving average price is $21.63 and its two-hundred day moving average price is $21.66. The firm has a market cap of $7.80 billion, a PE ratio of -126.31 and a beta of 1.27.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 annualized dividend and a yield of 1.86%. Pan American Silver’s dividend payout ratio is presently -235.28%.

Analyst Upgrades and Downgrades

PAAS has been the subject of several research analyst reports. Jefferies Financial Group lifted their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, October 4th. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.42.

Pan American Silver 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.