Wellington Management Group LLP Increases Stake in Pan American Silver Corp. (NYSE:PAAS)

Wellington Management Group LLP boosted its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 191.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,847 shares of the basic materials company's stock after acquiring an additional 110,170 shares during the quarter. Wellington Management Group LLP's holdings in Pan American Silver were worth $3,394,000 at the end of the most recent quarter.

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

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Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PAAS shares. StockNews.com lowered Pan American Silver from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. Royal Bank of Canada increased their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Scotiabank boosted their target price on Pan American Silver from $28.50 to $32.00 and gave the stock a "sector outperform" rating in a research note on Monday. TD Securities lowered shares of Pan American Silver from a "buy" rating to a "hold" rating and dropped their price target for the company from $28.00 to $27.00 in a research note on Tuesday, March 11th. Finally, National Bankshares restated an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $28.50.

Pan American Silver Stock Performance

PAAS traded up $0.29 during trading on Tuesday, hitting $27.47. 3,471,593 shares of the stock were exchanged, compared to its average volume of 3,731,673. The company has a quick ratio of 0.96, a current ratio of 2.50 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $27.63. The stock has a fifty day moving average price of $24.83 and a two-hundred day moving average price of $23.13. The firm has a market capitalization of $9.95 billion, a P/E ratio of 85.84 and a beta of 1.06.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (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 for the quarter, compared to the consensus estimate of $805.20 million. As a group, sell-side analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.46%. The ex-dividend date was Monday, March 3rd. Pan American Silver's dividend payout ratio is presently 125.00%.

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.