Geode Capital Management LLC Raises Holdings in Pan American Silver Corp. (NYSE:PAAS)

Geode Capital Management LLC grew its position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 7.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,533,328 shares of the basic materials company’s stock after acquiring an additional 108,039 shares during the quarter. Geode Capital Management LLC owned about 0.42% of Pan American Silver worth $31,713,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Eastern Bank acquired a new stake in Pan American Silver during the 3rd quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of 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 acquiring an additional 1,500 shares during the period. US Bancorp DE lifted its holdings in shares of Pan American Silver by 13.4% during the 3rd quarter. US Bancorp DE now owns 5,600 shares of the basic materials company’s stock valued at $117,000 after acquiring an additional 660 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Pan American Silver during the 3rd quarter worth $146,000. Finally, Signaturefd LLC increased its holdings in Pan American Silver by 11.6% in the 2nd quarter. Signaturefd LLC now owns 7,469 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 774 shares in the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Stock Performance

Shares of PAAS stock opened at $20.75 on Thursday. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of -122.05 and a beta of 1.28. Pan American Silver Corp. has a one year low of $12.16 and a one year high of $26.05. The company’s 50-day simple moving average is $22.63 and its 200-day simple moving average is $21.56. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 2.06.

Pan American Silver Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.93%. The ex-dividend date was Monday, November 18th. Pan American Silver’s dividend payout ratio (DPR) is presently -235.29%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PAAS shares. StockNews.com downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Jefferies Financial Group lifted their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, 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 note on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Pan American Silver currently has an average 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.