FIL Ltd Purchases 584,017 Shares of Pan American Silver Corp. (NYSE:PAAS)

FIL Ltd raised its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,388,644 shares of the basic materials company's stock after acquiring an additional 584,017 shares during the period. FIL Ltd owned approximately 3.69% of Pan American Silver worth $270,848,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PAAS. SBI Securities Co. Ltd. purchased a new position in shares of Pan American Silver in the 4th quarter worth about $43,000. Barclays PLC boosted its stake in Pan American Silver by 156.4% in the third quarter. Barclays PLC now owns 61,439 shares of the basic materials company's stock worth $1,282,000 after buying an additional 37,480 shares in the last quarter. Triasima Portfolio Management inc. purchased a new stake in Pan American Silver in the fourth quarter worth approximately $2,911,000. Ingalls & Snyder LLC raised its stake 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 acquiring an additional 89,011 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of 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 worth $1,869,000 after acquiring an additional 37,804 shares during the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

PAAS has been the subject of several recent research reports. StockNews.com downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Scotiabank raised their price target on Pan American Silver from $28.00 to $28.50 and gave the stock a "sector outperform" rating in a research report on Tuesday, February 25th. Royal Bank of Canada boosted their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. National Bankshares reiterated an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Finally, TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and cut their price target for the stock from $28.00 to $27.00 in a report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Pan American Silver presently has an average rating of "Moderate Buy" and an average price target of $27.92.

Pan American Silver Trading Up 4.1 %

Shares of NYSE:PAAS traded up $1.03 on Friday, hitting $25.87. The company had a trading volume of 6,173,499 shares, compared to its average volume of 3,720,126. The firm's 50-day simple moving average is $24.79 and its two-hundred day simple moving average is $23.09. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 80.85 and a beta of 1.06. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 1 year low of $17.86 and a 1 year high of $27.47.

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 EPS for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The business had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. Equities analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Monday, March 3rd. Pan American Silver's dividend payout ratio (DPR) is presently 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.