Wellington Management Group LLP Purchases 110,170 Shares of Pan American Silver Corp. (NYSE:PAAS)

Wellington Management Group LLP grew its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 191.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,847 shares of the basic materials company's stock after buying an additional 110,170 shares during the quarter. Wellington Management Group LLP's holdings in Pan American Silver were worth $3,394,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in 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 purchased a new stake in shares of Pan American Silver during the 4th quarter valued at approximately $32,000. Farther Finance Advisors LLC lifted its stake in shares of Pan American Silver by 164.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,945 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 1,209 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Pan American Silver during the fourth quarter worth about $43,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Pan American Silver during the fourth quarter worth $53,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Trading Up 0.1%

PAAS traded up $0.04 during trading on Friday, reaching $28.64. The company had a trading volume of 10,886,914 shares, compared to its average volume of 3,872,725. The firm's 50-day simple moving average is $24.83 and its 200 day simple moving average is $23.72. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 89.50 and a beta of 0.75. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $29.22.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced 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 6.14% and a net margin of 3.98%. The business had revenue of $773.20 million during the quarter, compared to analyst estimates of $696.62 million. During the same period last year, the company earned $0.01 earnings per share. Pan American Silver's quarterly revenue was up 28.6% compared to the same quarter last year. Equities research analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Tuesday, May 20th. Pan American Silver's dividend payout ratio (DPR) is currently 45.98%.

Wall Street Analysts Forecast Growth

PAAS has been the subject of a number of recent research reports. BMO Capital Markets started coverage on shares of Pan American Silver in a research note on Wednesday, April 16th. They issued a "market perform" rating for the company. Scotiabank reiterated a "sector perform" rating on shares of Pan American Silver in a research note on Monday, April 14th. CIBC increased their price target on shares of Pan American Silver from $38.00 to $42.00 and gave the stock an "outperformer" rating in a report on Thursday, May 8th. Wall Street Zen raised Pan American Silver from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 15th. Finally, TD Securities lowered their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $30.60.

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.