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

Geode Capital Management LLC increased its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 20.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,729,447 shares of the basic materials company’s stock after buying an additional 462,204 shares during the period. Geode Capital Management LLC owned about 0.75% of Pan American Silver worth $76,867,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Mark Sheptoff Financial Planning LLC acquired a new stake in Pan American Silver during the second quarter worth approximately $51,000. Kiker Wealth Management LLC lifted its stake in shares of Pan American Silver by 42.4% during the 2nd quarter. Kiker Wealth Management LLC now owns 2,014 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 600 shares during the period. CWM LLC boosted its holdings in shares of Pan American Silver by 32.1% during the second quarter. CWM LLC now owns 2,264 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 550 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Pan American Silver by 38.0% during the second quarter. Farther Finance Advisors LLC now owns 3,754 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 1,034 shares during the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Pan American Silver in the second quarter valued at $108,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PAAS shares. Scotiabank increased their target price on Pan American Silver from $36.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Zacks Research downgraded shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. National Bankshares reiterated an “outperform” rating on shares of Pan American Silver in a report on Friday, September 5th. National Bank Financial upgraded shares of Pan American Silver to a “strong-buy” rating in a report on Thursday, September 4th. Finally, Wall Street Zen lowered shares of Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

Pan American Silver Stock Performance

Pan American Silver stock opened at $36.72 on Friday. The company has a market cap of $15.50 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 0.44 and a beta of 0.63. Pan American Silver Corp. has a 12 month low of $19.80 and a 12 month high of $42.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. The stock’s 50-day moving average is $37.37 and its 200-day moving average is $31.98.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its earnings results on Wednesday, November 12th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%.The business had revenue of $854.60 million for the quarter, compared to analyst estimates of $867.76 million. During the same period last year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities analysts anticipate that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 24th will be given a dividend of $0.14 per share. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. Pan American Silver’s dividend payout ratio is currently 32.37%.

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.