Pan American Silver Corp. (NYSE:PAAS) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 7.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,533,328 shares of the basic materials company's stock after purchasing an additional 108,039 shares during the quarter. Geode Capital Management LLC owned approximately 0.42% of Pan American Silver worth $31,713,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PAAS. Van ECK Associates Corp grew its position in shares of Pan American Silver by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company's stock worth $824,632,000 after buying an additional 2,328,306 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Pan American Silver during the second quarter worth $38,116,000. FMR LLC lifted its holdings in shares of Pan American Silver by 1,834.8% during the 3rd quarter. FMR LLC now owns 1,344,991 shares of the basic materials company's stock valued at $28,084,000 after purchasing an additional 1,275,475 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Pan American Silver by 366.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,601,137 shares of the basic materials company's stock worth $31,831,000 after purchasing an additional 1,258,205 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Pan American Silver by 51.1% during the 2nd quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company's stock worth $62,107,000 after buying an additional 1,056,981 shares during the last quarter. Institutional investors own 55.43% of the company's stock.

Pan American Silver Price Performance

Shares of Pan American Silver stock traded up $0.08 during trading hours on Thursday, reaching $20.83. The stock had a trading volume of 1,077,399 shares, compared to its average volume of 3,971,718. 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 twelve month low of $12.16 and a twelve month high of $26.05. The stock's 50 day moving average is $22.61 and its 200 day moving average is $21.56. The firm has a market capitalization of $7.56 billion, a PE ratio of -122.52 and a beta of 1.28.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 1.92%. Pan American Silver's payout ratio is -235.29%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com downgraded 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 raised their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group upped their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the company a "hold" rating in a report on Friday, October 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $25.42.

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.