Pan American Silver Corp. (NYSE:PAAS) Stake Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 439,700 shares of the basic materials company's stock after acquiring an additional 35,400 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.12% of Pan American Silver worth $9,177,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Pan American Silver by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 13,065,572 shares of the basic materials company's stock valued at $213,361,000 after acquiring an additional 176,979 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Pan American Silver by 9.7% in the first quarter. Commonwealth Equity Services LLC now owns 96,027 shares of the basic materials company's stock valued at $1,448,000 after purchasing an additional 8,504 shares during the period. Privium Fund Management B.V. boosted its holdings in Pan American Silver by 8.7% during the first quarter. Privium Fund Management B.V. now owns 29,898 shares of the basic materials company's stock worth $451,000 after buying an additional 2,383 shares in the last quarter. Van ECK Associates Corp grew its position in Pan American Silver by 1.4% during the first quarter. Van ECK Associates Corp now owns 46,486,439 shares of the basic materials company's stock worth $701,016,000 after buying an additional 653,064 shares during the period. Finally, DORCHESTER WEALTH MANAGEMENT Co increased its holdings in Pan American Silver by 20.9% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 28,451 shares of the basic materials company's stock valued at $422,000 after buying an additional 4,916 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PAAS has been the subject of several research analyst reports. Scotiabank raised their price objective on Pan American Silver from $23.00 to $26.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 16th. Jefferies Financial Group lifted their target price on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Royal Bank of Canada raised their price objective on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Finally, CIBC upped their target price on Pan American Silver from $30.00 to $35.00 and gave the company an "outperformer" rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Pan American Silver currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.93.

Pan American Silver Trading Down 2.5 %

Shares of NYSE PAAS traded down $0.63 on Friday, reaching $24.73. 3,063,480 shares of the company traded hands, compared to its average volume of 4,087,409. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $26.05. The company has a 50 day moving average of $21.46 and a 200 day moving average of $20.90. The stock has a market capitalization of $8.98 billion, a PE ratio of -63.41 and a beta of 1.35. The company has a current ratio of 2.06, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.04). Pan American Silver had a positive return on equity of 0.66% and a negative net margin of 5.54%. The firm had revenue of $686.30 million for the quarter, compared to analyst estimates of $696.08 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. The company's quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts forecast that Pan American Silver Corp. will post 0.67 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.40 annualized dividend and a dividend yield of 1.62%. Pan American Silver's payout ratio is currently -102.56%.

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.