Pan American Silver Corp. (NYSE:PAAS) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP increased its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 87.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,677 shares of the basic materials company's stock after acquiring an additional 26,960 shares during the period. Wellington Management Group LLP's holdings in Pan American Silver were worth $1,206,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. CWM LLC grew its position in Pan American Silver by 31.6% during the second quarter. CWM LLC now owns 2,124 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 510 shares during the period. Raymond James & Associates lifted its holdings in shares of Pan American Silver by 2.2% during the 2nd quarter. Raymond James & Associates now owns 225,757 shares of the basic materials company's stock valued at $4,488,000 after acquiring an additional 4,811 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Pan American Silver by 366.9% during 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 during the period. Cambridge Investment Research Advisors Inc. raised its position in Pan American Silver by 153.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 52,007 shares of the basic materials company's stock valued at $1,034,000 after purchasing an additional 31,515 shares during the period. Finally, Pullen Investment Management LLC lifted its stake in shares of Pan American Silver by 3.1% during the second quarter. Pullen Investment Management LLC now owns 52,452 shares of the basic materials company's stock worth $1,043,000 after purchasing an additional 1,580 shares in the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Stock Up 0.5 %

Shares of PAAS stock traded up $0.11 during mid-day trading on Friday, reaching $20.58. 5,869,759 shares of the company were exchanged, compared to its average volume of 4,006,449. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06. The business's 50 day simple moving average is $22.75 and its 200 day simple moving average is $21.56. The company has a market capitalization of $7.47 billion, a P/E ratio of -121.05 and a beta of 1.28. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $26.05.

Pan American Silver Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 annualized dividend and a dividend yield of 1.94%. Pan American Silver's payout ratio is -235.29%.

Analyst Ratings Changes

Several brokerages recently commented on PAAS. Jefferies Financial Group raised their target price on Pan American Silver from $21.00 to $23.00 and gave the company a "hold" rating in a report on Friday, October 4th. StockNews.com lowered shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Sunday, December 1st. Finally, Royal Bank of Canada raised 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently 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.