Invesco Ltd. Has $119.46 Million Stock Position in Pan American Silver Corp. (NYSE:PAAS)

Invesco Ltd. decreased its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,908,064 shares of the basic materials company's stock after selling 552,531 shares during the period. Invesco Ltd. owned about 1.63% of Pan American Silver worth $119,461,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PAAS. SBI Securities Co. Ltd. acquired a new stake in Pan American Silver during the fourth quarter worth about $43,000. Barclays PLC lifted its holdings 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 worth $1,282,000 after purchasing an additional 37,480 shares during the last quarter. Triasima Portfolio Management inc. acquired a new stake in shares of Pan American Silver in the 4th quarter worth about $2,911,000. Ingalls & Snyder LLC boosted its position in Pan American Silver by 5.4% during the 4th quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock worth $34,920,000 after acquiring an additional 89,011 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Pan American Silver by 11.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 488,119 shares of the basic materials company's stock valued at $9,869,000 after buying an additional 48,419 shares in the last quarter. Institutional investors own 55.43% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PAAS. Royal Bank of Canada upped their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. StockNews.com downgraded Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. TD Securities cut shares of Pan American Silver from a "buy" rating to a "hold" rating and dropped their price target for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a report on Monday. Finally, National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. Five investment 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 has an average rating of "Hold" and an average price target of $28.50.

Pan American Silver Stock Down 2.9 %

Shares of Pan American Silver stock traded down $0.82 during midday trading on Friday, hitting $27.20. The company's stock had a trading volume of 3,654,412 shares, compared to its average volume of 3,702,040. The stock has a 50-day simple moving average of $24.99 and a 200-day simple moving average of $23.24. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $9.85 billion, a P/E ratio of 85.00 and a beta of 1.06. 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 data on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The firm had revenue of $815.10 million for the quarter, compared to the consensus estimate of $805.20 million. As a group, sell-side analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.10 dividend. 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 payout ratio is currently 125.00%.

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.