Pan American Silver Corp. (NYSE:PAAS) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 73.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,442 shares of the basic materials company's stock after buying an additional 37,804 shares during the quarter. Janus Henderson Group PLC's holdings in Pan American Silver were worth $1,869,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC lifted its stake 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 worth $42,000 after acquiring an additional 510 shares during the period. US Bancorp DE raised its holdings in Pan American Silver by 13.4% during the third quarter. US Bancorp DE now owns 5,600 shares of the basic materials company's stock worth $117,000 after purchasing an additional 660 shares in the last quarter. Signaturefd LLC boosted its holdings in 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 in the last quarter. Advisors Asset Management Inc. increased its position in Pan American Silver by 3.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 26,751 shares of the basic materials company's stock worth $558,000 after purchasing an additional 951 shares during the period. Finally, Eastern Bank purchased a new position in shares of Pan American Silver during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 55.43% of the company's stock.

Analyst Upgrades and Downgrades

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

Pan American Silver Price Performance

Shares of NYSE PAAS traded down $0.48 on Friday, hitting $22.20. The company's stock had a trading volume of 2,643,159 shares, compared to its average volume of 4,013,465. The stock has a 50 day moving average of $22.77 and a 200-day moving average of $21.59. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of -130.58 and a beta of 1.28. Pan American Silver Corp. has a 12-month low of $12.16 and a 12-month high of $26.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.96.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Monday, November 18th. Pan American Silver's payout ratio is -235.28%.

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.