Pan American Silver Corp. (NYSE:PAAS) Holdings Boosted by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 7.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,533,328 shares of the basic materials company’s stock after purchasing an additional 108,039 shares during the quarter. Geode Capital Management LLC’s holdings in Pan American Silver were worth $31,713,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Pan American Silver by 156.4% during the third quarter. Barclays PLC now owns 61,439 shares of the basic materials company’s stock worth $1,282,000 after acquiring an additional 37,480 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Pan American Silver in the 3rd quarter valued at approximately $547,000. XTX Topco Ltd bought a new stake in Pan American Silver during the 3rd quarter valued at $1,231,000. National Bank of Canada FI boosted its position in Pan American Silver by 30.1% during the 3rd quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company’s stock worth $23,857,000 after acquiring an additional 264,772 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Pan American Silver by 87.8% during the third quarter. Wellington Management Group LLP now owns 57,677 shares of the basic materials company’s stock valued at $1,206,000 after purchasing an additional 26,960 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PAAS. Jefferies Financial Group upped their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, October 4th. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a report on Sunday, December 1st. Finally, Royal Bank of Canada boosted their target price on Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.42.

Pan American Silver Stock Up 0.1 %

PAAS stock opened at $20.75 on Thursday. The firm has a market cap of $7.53 billion, a PE ratio of -122.05 and a beta of 1.28. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $26.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $22.63 and a 200 day simple moving average of $21.56.

Pan American Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Monday, November 18th. Pan American Silver’s payout ratio is -235.29%.

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.