Geode Capital Management LLC Acquires 494,133 Shares of Pan American Silver Corp. (NYSE:PAAS)

Geode Capital Management LLC increased its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 32.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,027,461 shares of the basic materials company's stock after buying an additional 494,133 shares during the quarter. Geode Capital Management LLC owned 0.56% of Pan American Silver worth $40,776,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PAAS. Signaturefd LLC raised its stake in Pan American Silver by 6.0% in the 4th quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock valued at $160,000 after acquiring an additional 451 shares during the period. US Bancorp DE lifted its stake in shares of Pan American Silver by 9.6% during the 4th quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock worth $124,000 after buying an additional 539 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Pan American Silver by 23.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock worth $58,000 after buying an additional 549 shares during the period. Principal Securities Inc. grew its stake in Pan American Silver by 12.5% in the 4th quarter. Principal Securities Inc. now owns 5,977 shares of the basic materials company's stock valued at $121,000 after buying an additional 664 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. raised its holdings in Pan American Silver by 1.4% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 70,451 shares of the basic materials company's stock valued at $1,423,000 after acquiring an additional 972 shares during the period. Institutional investors own 55.43% of the company's stock.

Wall Street Analyst Weigh In

PAAS has been the topic of several research reports. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. BMO Capital Markets began coverage on Pan American Silver in a research report on Wednesday. They set a "market perform" rating on the stock. Scotiabank reissued a "sector perform" rating on shares of Pan American Silver in a report on Monday. TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and lowered their price target for the stock from $28.00 to $27.00 in a research report on Tuesday, March 11th. Finally, StockNews.com downgraded shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Pan American Silver currently has a consensus rating of "Hold" and a consensus price target of $28.50.

Pan American Silver Trading Down 2.9 %

PAAS traded down $0.82 during trading on Friday, reaching $27.20. 3,654,412 shares of the company's stock were exchanged, compared to its average volume of 3,698,337. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a one year low of $17.86 and a one year high of $28.60. The firm has a fifty day moving average price of $25.05 and a two-hundred day moving average price of $23.27. The stock has a market capitalization of $9.85 billion, a PE ratio of 85.00 and a beta of 1.06.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting analysts' consensus estimates of $0.35. Pan American Silver had a return on equity of 6.14% and a net margin of 3.98%. The business had revenue of $815.10 million during the quarter, compared to the consensus estimate of $805.20 million. As a group, equities research analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.10 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.47%. Pan American Silver's payout ratio is 125.00%.

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.