Geode Capital Management LLC boosted its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 32.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,027,461 shares of the basic materials company's stock after purchasing an additional 494,133 shares during the quarter. Geode Capital Management LLC owned about 0.56% of Pan American Silver worth $40,776,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Pan American Silver by 87.8% during the 3rd quarter. Wellington Management Group LLP now owns 57,677 shares of the basic materials company's stock valued at $1,206,000 after acquiring an additional 26,960 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Pan American Silver during the third quarter worth about $547,000. Barclays PLC increased its stake in shares of Pan American Silver by 156.4% in the 3rd quarter. Barclays PLC now owns 61,439 shares of the basic materials company's stock valued at $1,282,000 after acquiring an additional 37,480 shares during the last quarter. Virtu Financial LLC raised its position in shares of Pan American Silver by 23.9% in the 3rd quarter. Virtu Financial LLC now owns 36,873 shares of the basic materials company's stock valued at $770,000 after acquiring an additional 7,114 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Pan American Silver in the third quarter valued at approximately $257,000. Institutional investors and hedge funds own 55.43% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. TD Securities cut shares of Pan American Silver from a "buy" rating to a "hold" rating and lowered their price objective for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. BMO Capital Markets began coverage on shares of Pan American Silver in a research note on Wednesday. They issued a "market perform" rating on the stock. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. Finally, Royal Bank of Canada boosted their price objective on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $28.50.
Check Out Our Latest Stock Report on PAAS
Pan American Silver Price Performance
Shares of Pan American Silver stock traded down $0.82 during trading on Friday, reaching $27.20. 3,654,412 shares of the company's stock were exchanged, compared to its average volume of 3,696,326. The firm's 50-day moving average price is $25.05 and its 200 day moving average price is $23.30. The company has a market cap of $9.85 billion, a P/E ratio of 85.00 and a beta of 1.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.50. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $28.60.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. The company had revenue of $815.10 million during the quarter, compared to analysts' expectations of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. As a group, 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 business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.47%. The ex-dividend date was Monday, March 3rd. Pan American Silver's dividend payout ratio is currently 125.00%.
About Pan American Silver
(
Free Report)
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.
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