Fmr LLC Purchases 1,275,475 Shares of Pan American Silver Corp. (NYSE:PAAS)

FMR LLC grew its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 1,834.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,344,991 shares of the basic materials company's stock after acquiring an additional 1,275,475 shares during the quarter. FMR LLC owned 0.37% of Pan American Silver worth $28,084,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PAAS. CWM LLC grew its position in shares of Pan American Silver by 31.6% in the 2nd quarter. CWM LLC now owns 2,124 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 510 shares during the period. US Bancorp DE grew its position in shares of Pan American Silver by 13.4% in the 3rd quarter. US Bancorp DE now owns 5,600 shares of the basic materials company's stock valued at $117,000 after purchasing an additional 660 shares during the period. Signaturefd LLC grew its position in shares of Pan American Silver by 11.6% in the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company's stock valued at $148,000 after purchasing an additional 774 shares during the period. Advisors Asset Management Inc. grew its position 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 valued at $558,000 after purchasing an additional 951 shares during the period. Finally, Eastern Bank acquired a new position in shares of Pan American Silver in the 3rd quarter valued at approximately $28,000. 55.43% of the stock is owned by institutional investors.

Pan American Silver Stock Down 0.8 %

Shares of NYSE PAAS traded down $0.18 during trading hours on Tuesday, hitting $23.10. The company had a trading volume of 2,436,352 shares, compared to its average volume of 4,026,509. The stock has a market capitalization of $8.39 billion, a P/E ratio of -136.93 and a beta of 1.28. The company has a quick ratio of 0.96, a current ratio of 2.06 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. The firm's 50 day moving average is $22.65 and its 200-day moving average is $21.54.

Pan American Silver Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Monday, November 18th. Pan American Silver's payout ratio is presently -235.28%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Royal Bank of Canada upped their price target on Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. StockNews.com downgraded Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Finally, Jefferies Financial Group upped their price target on Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Pan American Silver currently has an average rating of "Moderate Buy" and an average target price of $25.42.

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.