Pan American Silver Corp. (NYSE:PAAS) Shares Bought by Barclays PLC

Barclays PLC lifted its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 156.4% during the third quarter, according to the company in its most recent disclosure 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 period. Barclays PLC’s holdings in Pan American Silver were worth $1,282,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PAAS. Public Employees Retirement System of Ohio acquired a new position in shares of Pan American Silver in the 3rd quarter valued at about $547,000. XTX Topco Ltd acquired a new stake in shares of Pan American Silver during the third quarter worth approximately $1,231,000. National Bank of Canada FI raised its stake in shares of Pan American Silver by 30.1% in the 3rd quarter. National Bank of Canada FI now owns 1,143,061 shares of the basic materials company’s stock valued at $23,857,000 after purchasing an additional 264,772 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Pan American Silver by 87.8% in the 3rd quarter. Wellington Management Group LLP now owns 57,677 shares of the basic materials company’s stock worth $1,206,000 after acquiring an additional 26,960 shares in the last quarter. Finally, Stansberry Asset Management LLC increased its holdings in shares of Pan American Silver by 15.5% in the 3rd quarter. Stansberry Asset Management LLC now owns 20,364 shares of the basic materials company’s stock valued at $425,000 after acquiring an additional 2,740 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Trading Down 1.2 %

Shares of NYSE PAAS opened at $20.58 on Friday. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of -121.05 and a beta of 1.28. The business has a 50 day simple moving average of $22.53 and a 200 day simple moving average of $21.57. 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 Corp. has a 52 week low of $12.16 and a 52 week high of $26.05.

Pan American Silver Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Monday, November 18th. Pan American Silver’s payout ratio is presently -235.29%.

Analyst Ratings Changes

Several research firms recently weighed in on PAAS. Jefferies Financial Group increased their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. StockNews.com cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Sunday, December 1st. Finally, Royal Bank of Canada increased their target price on Pan American Silver from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.42.

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.