Allspring Global Investments Holdings LLC Raises Position in Pan American Silver Corp. (NYSE:PAAS)

Allspring Global Investments Holdings LLC lifted its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 488,119 shares of the basic materials company's stock after purchasing an additional 48,419 shares during the period. Allspring Global Investments Holdings LLC owned about 0.13% of Pan American Silver worth $9,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in PAAS. Van ECK Associates Corp raised its position in Pan American Silver by 6.3% during the third quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company's stock worth $824,632,000 after acquiring an additional 2,328,306 shares during the period. Ingalls & Snyder LLC raised its position in Pan American Silver by 3.4% during the third quarter. Ingalls & Snyder LLC now owns 1,637,988 shares of the basic materials company's stock worth $34,185,000 after acquiring an additional 53,500 shares during the period. Geode Capital Management LLC raised its position in Pan American Silver by 7.6% during the third quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company's stock worth $31,713,000 after acquiring an additional 108,039 shares during the period. FMR LLC raised its position in shares of Pan American Silver by 1,834.8% in the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company's stock valued at $28,084,000 after buying an additional 1,275,475 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of Pan American Silver by 30.1% in the third quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company's stock valued at $23,857,000 after buying an additional 264,772 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Pan American Silver Trading Down 4.2 %

Shares of PAAS traded down $1.08 during mid-day trading on Friday, reaching $24.43. The stock had a trading volume of 4,178,496 shares, compared to its average volume of 3,024,337. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96. Pan American Silver Corp. has a 52-week low of $12.19 and a 52-week high of $26.05. The business's fifty day moving average is $22.30 and its 200 day moving average is $21.90. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 76.33 and a beta of 1.28.

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 earnings per share (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 6.17%. The firm had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. On average, sell-side analysts predict that Pan American Silver Corp. will post 1.26 EPS for the current fiscal year.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Monday, March 3rd. Pan American Silver's dividend payout ratio is presently 125.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Royal Bank of Canada increased their target price 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $25.92.

Pan American Silver 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.