Allspring Global Investments Holdings LLC Has $14.68 Million Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Allspring Global Investments Holdings LLC grew its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 16.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 568,419 shares of the basic materials company's stock after purchasing an additional 80,300 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.16% of Pan American Silver worth $14,682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PAAS. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Pan American Silver in the 4th quarter worth about $32,000. Farther Finance Advisors LLC lifted its position in shares of 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 worth $39,000 after purchasing an additional 1,209 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Pan American Silver during the fourth quarter worth approximately $43,000. Jones Financial Companies Lllp grew its position in Pan American Silver by 23.4% during the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock valued at $58,000 after purchasing an additional 549 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in Pan American Silver during the fourth quarter valued at approximately $118,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. CIBC lifted their price objective on Pan American Silver from $38.00 to $42.00 and gave the company an "outperformer" rating in a research report on Thursday, May 8th. National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Wall Street Zen raised shares of Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Finally, TD Securities decreased their price target on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.60.

Pan American Silver Price Performance

Shares of PAAS stock traded up $0.31 during trading hours on Friday, hitting $29.09. The company had a trading volume of 2,691,645 shares, compared to its average volume of 3,950,309. Pan American Silver Corp. has a 12 month low of $17.86 and a 12 month high of $29.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.94 and a current ratio of 2.93. The firm's fifty day moving average is $26.33 and its 200 day moving average is $24.68. The firm has a market capitalization of $10.53 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 0.52 and a beta of 0.67.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.23. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The firm had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. During the same period in the prior year, the company posted $0.01 earnings per share. The business's revenue for the quarter was up 28.6% compared to the same quarter last year. On average, sell-side analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.38%. Pan American Silver's dividend payout ratio (DPR) is presently 45.98%.

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.