Barclays PLC Buys 37,480 Shares of Pan American Silver Corp. (NYSE:PAAS)

Barclays PLC raised its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 156.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,439 shares of the basic materials company's stock after acquiring an additional 37,480 shares during the quarter. Barclays PLC's holdings in Pan American Silver were worth $1,282,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in Pan American Silver by 13.4% in the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company's stock worth $117,000 after acquiring an additional 660 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Pan American Silver by 3.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company's stock worth $558,000 after acquiring an additional 951 shares in the last quarter. Eastern Bank bought a new position in shares of Pan American Silver during the third quarter valued at about $28,000. Mark Sheptoff Financial Planning LLC boosted its holdings in Pan American Silver by 943.4% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company's stock worth $33,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Hollencrest Capital Management grew its position in Pan American Silver by 4.0% in the 2nd quarter. Hollencrest Capital Management now owns 38,960 shares of the basic materials company's stock worth $775,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

Wall Street Analyst Weigh In

PAAS has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. StockNews.com cut Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $25.42.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $21.37 on Monday. The firm has a market cap of $7.76 billion, a price-to-earnings ratio of -125.70 and a beta of 1.27. The stock has a fifty day simple moving average of $21.78 and a two-hundred day simple moving average of $21.64. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $26.05.

Pan American Silver Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Monday, November 18th. Pan American Silver's dividend payout ratio (DPR) is currently -235.29%.

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.