Pan American Silver Corp. $PAAS Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,827,024 shares of the basic materials company’s stock after acquiring an additional 252,309 shares during the quarter. Geode Capital Management LLC owned 0.91% of Pan American Silver worth $197,498,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in Pan American Silver by 151.8% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 387 shares during the period. Rothschild Investment LLC acquired a new position in Pan American Silver during the 3rd quarter valued at approximately $36,000. EverSource Wealth Advisors LLC boosted its position in Pan American Silver by 93.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 497 shares during the period. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver during the 4th quarter valued at approximately $41,000. Finally, Assetmark Inc. boosted its position in Pan American Silver by 3,111.4% during the 3rd quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 1,089 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Down 0.8%

Shares of Pan American Silver stock opened at $55.06 on Wednesday. The stock’s fifty day moving average is $55.41 and its 200-day moving average is $54.24. The firm has a market capitalization of $23.20 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 0.44 and a beta of 0.67. The company has a quick ratio of 2.11, a current ratio of 2.84 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 12-month low of $25.56 and a 12-month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.Pan American Silver’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. Equities analysts anticipate that Pan American Silver Corp. will post 4.65 earnings per share for the current year.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio is presently 23.15%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and boosted their price objective for the company from $67.00 to $72.00 in a research report on Tuesday, May 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Finally, Zacks Research downgraded Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Pan American Silver has an average rating of “Moderate Buy” and an average target price of $68.00.

Pan American Silver Company Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.