Vanguard Group Inc. Increases Position in Pan American Silver Corp. (NYSE:PAAS)

Vanguard Group Inc. increased its stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,008,185 shares of the basic materials company's stock after buying an additional 221,561 shares during the quarter. Vanguard Group Inc. owned about 3.86% of Pan American Silver worth $283,385,000 as of its most recent SEC filing.

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

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Wall Street Analyst Weigh In

Several analysts have recently commented on PAAS shares. National Bankshares reaffirmed an "outperform" rating on shares of Pan American Silver in a report on Wednesday, April 2nd. Royal Bank of Canada upped their price target on shares of Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Scotiabank lifted their price objective on Pan American Silver from $28.00 to $28.50 and gave the company a "sector outperform" rating in a research note on Tuesday, February 25th. StockNews.com downgraded Pan American Silver from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Finally, TD Securities cut Pan American Silver from a "buy" rating to a "hold" rating and reduced their price target for the company from $28.00 to $27.00 in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $27.92.

Pan American Silver Price Performance

PAAS stock traded up $2.69 during mid-day trading on Wednesday, reaching $24.41. 7,275,990 shares of the company's stock were exchanged, compared to its average volume of 3,780,577. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96. The company has a market cap of $8.84 billion, a price-to-earnings ratio of 76.27 and a beta of 1.06. The stock's 50 day moving average is $24.73 and its 200 day moving average is $23.04. Pan American Silver Corp. has a 12-month low of $17.86 and a 12-month high of $27.47.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. The company had revenue of $815.10 million during the quarter, compared to analyst estimates of $805.20 million. On average, research analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.64%. The ex-dividend date was Monday, March 3rd. Pan American Silver's payout ratio is 125.00%.

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.