Deutsche Bank AG Takes Position in Pan American Silver Corp. $PAAS

Deutsche Bank AG acquired a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,776,800 shares of the basic materials company’s stock, valued at approximately $79,583,000.

Several other hedge funds have also added to or reduced their stakes in the business. Fifth Third Bancorp grew its holdings in Pan American Silver by 1,336.1% during the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 481 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 387 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Pan American Silver during the fourth quarter valued at $34,000. Laurel Wealth Advisors LLC acquired a new position in shares of Pan American Silver during the fourth quarter worth $41,000. Finally, Harbor Investment Advisory LLC acquired a new position in shares of Pan American Silver during the first quarter worth $44,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on PAAS shares. Wall Street Zen downgraded Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a report on Tuesday, April 28th. Weiss Ratings lowered Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Jefferies Financial Group lowered their price objective on Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, July 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Pan American Silver in a research note on Thursday, August 13th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.43.

Pan American Silver Price Performance

PAAS stock opened at $51.95 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. The firm has a market cap of $21.67 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 4.67 and a beta of 0.73. The company’s fifty day simple moving average is $46.22 and its 200 day simple moving average is $52.75. Pan American Silver Corp. has a 12-month low of $31.16 and a 12-month high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%.The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business posted $0.43 earnings per share. The business’s revenue was up 38.4% on a year-over-year basis. On average, analysts expect that Pan American Silver Corp. will post 4.03 earnings per share for the current year.

Pan American Silver Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be issued a $0.184 dividend. The ex-dividend date is Monday, August 24th. This is an increase from Pan American Silver’s previous quarterly dividend of $0.18. This represents a $0.74 dividend on an annualized basis and a yield of 1.4%. Pan American Silver’s dividend payout ratio is presently 21.75%.

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.