Pan American Silver Corp. (NYSE:PAAS) Shares Bought by Wellington Management Group LLP

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

Several other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in Pan American Silver during the 4th quarter worth $43,000. Barclays PLC raised its holdings in shares of Pan American Silver by 156.4% in the third quarter. Barclays PLC now owns 61,439 shares of the basic materials company's stock valued at $1,282,000 after buying an additional 37,480 shares during the last quarter. Triasima Portfolio Management inc. acquired a new stake in shares of Pan American Silver during the fourth quarter worth about $2,911,000. Ingalls & Snyder LLC grew its holdings in shares of Pan American Silver by 5.4% during the fourth quarter. Ingalls & Snyder LLC now owns 1,726,999 shares of the basic materials company's stock worth $34,920,000 after buying an additional 89,011 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Pan American Silver by 73.2% in the 3rd quarter. Janus Henderson Group PLC now owns 89,442 shares of the basic materials company's stock valued at $1,869,000 after acquiring an additional 37,804 shares during the period. Hedge funds and other institutional investors own 55.43% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on PAAS shares. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a research note on Wednesday, April 2nd. TD Securities lowered 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. Scotiabank restated a "sector perform" rating on shares of Pan American Silver in a research report on Monday. StockNews.com downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Finally, Royal Bank of Canada boosted 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. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $28.50.

Pan American Silver Price Performance

NYSE:PAAS traded down $0.82 during mid-day trading on Thursday, hitting $27.20. 1,172,531 shares of the company's stock traded hands, compared to its average volume of 3,698,472. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $28.60. The company has a market cap of $9.85 billion, a PE ratio of 85.24 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. The firm's 50 day simple moving average is $24.95 and its 200 day simple moving average is $23.19.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. Sell-side analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's payout ratio is 125.00%.

About Pan American Silver

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.