FIL Ltd Has $18,654,000 Position in Pan American Silver Corp. (PAAS)

FIL Ltd decreased its stake in Pan American Silver Corp. (NASDAQ:PAAS) (TSE:PAA) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,237,799 shares of the company’s stock after selling 30,258 shares during the period. FIL Ltd’s holdings in Pan American Silver Corp. were worth $18,654,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PAAS. Global X Management Co. LLC raised its stake in shares of Pan American Silver Corp. by 142.2% in the second quarter. Global X Management Co. LLC now owns 2,484,344 shares of the company’s stock valued at $40,863,000 after buying an additional 1,458,597 shares during the last quarter. Tiemann Investment Advisors LLC bought a new stake in shares of Pan American Silver Corp. during the second quarter valued at approximately $296,000. Hillsdale Investment Management Inc. raised its stake in shares of Pan American Silver Corp. by 129.2% in the second quarter. Hillsdale Investment Management Inc. now owns 297,100 shares of the company’s stock valued at $4,888,000 after buying an additional 167,500 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Pan American Silver Corp. by 220.7% in the second quarter. Royal Bank of Canada now owns 299,519 shares of the company’s stock valued at $4,927,000 after buying an additional 206,120 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Pan American Silver Corp. by 70.8% in the third quarter. BNP Paribas Arbitrage SA now owns 25,106 shares of the company’s stock valued at $443,000 after buying an additional 10,408 shares during the last quarter. Institutional investors own 46.26% of the company’s stock.

Institutional Ownership by Quarter for Pan American Silver Corp. (NASDAQ:PAAS)

Pan American Silver Corp. (NASDAQ:PAAS) traded down 1.07% on Friday, hitting $19.37. The stock had a trading volume of 1,041,892 shares. The company has a market cap of $2.95 billion, a PE ratio of 29.44 and a beta of 0.55. Pan American Silver Corp. has a one year low of $9.07 and a one year high of $21.59. The stock has a 50-day moving average of $18.61 and a 200-day moving average of $17.60.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Monday, February 27th will be given a $0.025 dividend. The ex-dividend date is Thursday, February 23rd. This is a positive change from Pan American Silver Corp.’s previous quarterly dividend of $0.01. This represents a $0.10 annualized dividend and a yield of 0.51%. Pan American Silver Corp.’s dividend payout ratio (DPR) is currently -13.51%.

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Several equities research analysts have commented on PAAS shares. Canaccord Genuity started coverage on shares of Pan American Silver Corp. in a research report on Tuesday, October 25th. They set a “hold” rating and a $17.50 target price on the stock. Zacks Investment Research lowered shares of Pan American Silver Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. BMO Capital Markets upgraded shares of Pan American Silver Corp. from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $24.00 to $28.00 in a research report on Wednesday, November 16th. TD Securities restated a “hold” rating and set a $19.00 target price (up from $18.50) on shares of Pan American Silver Corp. in a research report on Saturday, November 19th. Finally, Bank of America Corporation upgraded shares of Pan American Silver Corp. from an “underperform” rating to a “buy” rating in a research report on Tuesday, November 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. Pan American Silver Corp. presently has a consensus rating of “Hold” and a consensus price target of $19.89.

About Pan American Silver Corp.

Pan American Silver Corp. (Pan American) is engaged in the production and sale of silver, gold and base metals including copper, lead and zinc, as well as other related activities, including exploration, extraction, processing, refining and reclamation. The Company’s primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia.

5 Day Chart for NASDAQ:PAAS

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