Janus Henderson Group PLC Increases Stake in Pan American Silver Corp. (NYSE:PAAS)

Janus Henderson Group PLC lifted its stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 73.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,442 shares of the basic materials company’s stock after buying an additional 37,804 shares during the quarter. Janus Henderson Group PLC’s holdings in Pan American Silver were worth $1,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lighthouse Investment Partners LLC purchased a new position in shares of Pan American Silver during the second quarter valued at about $990,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Pan American Silver during the second quarter worth about $963,000. Cetera Investment Advisers bought a new stake in Pan American Silver during the first quarter worth about $1,565,000. Stratos Wealth Advisors LLC boosted its stake in Pan American Silver by 33.4% during the third quarter. Stratos Wealth Advisors LLC now owns 159,268 shares of the basic materials company’s stock worth $3,324,000 after acquiring an additional 39,873 shares in the last quarter. Finally, Marlin Sams Capital Management LLC lifted its stake in shares of Pan American Silver by 89.2% in the third quarter. Marlin Sams Capital Management LLC now owns 700,000 shares of the basic materials company’s stock worth $14,609,000 after buying an additional 330,000 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Stock Down 5.4 %

Shares of PAAS stock opened at $22.64 on Friday. Pan American Silver Corp. has a 12 month low of $12.16 and a 12 month high of $26.05. The stock has a market cap of $8.22 billion, a P/E ratio of -133.18 and a beta of 1.28. The company has a current ratio of 2.06, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The company has a 50 day simple moving average of $22.76 and a two-hundred day simple moving average of $21.58.

Pan American Silver Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 1.77%. Pan American Silver’s dividend payout ratio is currently -235.29%.

Analyst Ratings Changes

Several brokerages have recently issued reports on PAAS. 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 upped their target price on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group increased their price objective on shares of Pan American Silver from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.42.

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.