Allspring Global Investments Holdings LLC Acquires 48,419 Shares of Pan American Silver Corp. (NYSE:PAAS)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 11.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 488,119 shares of the basic materials company’s stock after acquiring an additional 48,419 shares during the period. Allspring Global Investments Holdings LLC owned 0.13% of Pan American Silver worth $9,869,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PAAS. Van ECK Associates Corp boosted its stake in shares of Pan American Silver by 6.3% during the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company’s stock worth $824,632,000 after buying an additional 2,328,306 shares during the last quarter. Ingalls & Snyder LLC increased its position in Pan American Silver by 3.4% during the third quarter. Ingalls & Snyder LLC now owns 1,637,988 shares of the basic materials company’s stock worth $34,185,000 after acquiring an additional 53,500 shares during the period. Geode Capital Management LLC boosted its holdings in Pan American Silver by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,533,328 shares of the basic materials company’s stock valued at $31,713,000 after purchasing an additional 108,039 shares during the period. FMR LLC boosted its stake in shares of Pan American Silver by 1,834.8% in the third quarter. FMR LLC now owns 1,344,991 shares of the basic materials company’s stock valued at $28,084,000 after buying an additional 1,275,475 shares during the period. Finally, National Bank of Canada FI lifted its position in shares of Pan American Silver by 30.1% during 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 acquiring an additional 264,772 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Price Performance

Pan American Silver stock opened at $24.70 on Wednesday. The stock has a market cap of $8.97 billion, a P/E ratio of -145.26 and a beta of 1.28. The company has a quick ratio of 0.96, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average price is $22.24 and its two-hundred day moving average price is $21.86. Pan American Silver Corp. has a 52 week low of $12.19 and a 52 week high of $26.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PAAS shares. StockNews.com downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Royal Bank of Canada boosted their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pan American Silver presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.92.

About Pan American Silver

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.