Barclays PLC Buys 37,480 Shares of Pan American Silver Corp. (NYSE:PAAS)

Barclays PLC boosted its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 156.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,439 shares of the basic materials company's stock after acquiring an additional 37,480 shares during the quarter. Barclays PLC's holdings in Pan American Silver were worth $1,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAAS. Eastern Bank bought a new stake in shares of Pan American Silver during the third quarter valued at approximately $28,000. Mark Sheptoff Financial Planning LLC boosted its position in Pan American Silver by 943.4% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,659 shares of the basic materials company's stock valued at $33,000 after buying an additional 1,500 shares during the last quarter. US Bancorp DE increased its stake 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 buying an additional 660 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Pan American Silver during the third quarter worth $146,000. Finally, Signaturefd LLC lifted its stake in shares of Pan American Silver by 11.6% during the second quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company's stock valued at $148,000 after acquiring an additional 774 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on PAAS. Royal Bank of Canada upped their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a report on Sunday, December 1st. Finally, 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 report on Friday, October 4th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Pan American Silver has a consensus rating of "Moderate Buy" and a consensus price target of $25.42.

Pan American Silver Stock Down 1.2 %

Shares of NYSE:PAAS traded down $0.25 during mid-day trading on Friday, reaching $20.58. 1,201,688 shares of the stock were exchanged, compared to its average volume of 3,960,639. The stock's 50 day simple moving average is $22.53 and its 200-day simple moving average is $21.57. Pan American Silver Corp. has a one year low of $12.16 and a one year high of $26.05. The company has a market cap of $7.47 billion, a P/E ratio of -121.05 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 Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.94%. Pan American Silver's dividend payout ratio (DPR) is presently -235.29%.

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.