Electrum Group LLC Purchases Shares of 92,130 Pan American Silver Corp. $PAAS

Electrum Group LLC purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 92,130 shares of the basic materials company’s stock, valued at approximately $4,126,503. Pan American Silver comprises approximately 0.0% of Electrum Group LLC’s portfolio, making the stock its 9th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Pan American Silver by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock valued at $905,513,000 after purchasing an additional 274,168 shares in the last quarter. Invesco Ltd. raised its position in shares of Pan American Silver by 9.8% in the 3rd quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock worth $383,365,000 after acquiring an additional 882,135 shares in the last quarter. BlackRock Inc. bought a new stake in Pan American Silver in the 2nd quarter worth about $375,948,000. FIL Ltd grew its position in shares of Pan American Silver by 154.7% during the 4th quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock valued at $378,872,000 after purchasing an additional 4,438,478 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Pan American Silver during the fourth quarter valued at about $303,611,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Pan American Silver Stock Performance

Shares of NYSE:PAAS traded down $2.24 during midday trading on Friday, hitting $52.65. The company had a trading volume of 4,548,902 shares, compared to its average volume of 6,282,539. The company has a fifty day moving average of $46.57 and a two-hundred day moving average of $52.70. The company has a market cap of $21.96 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 4.86 and a beta of 0.73. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. Pan American Silver Corp. has a 12-month low of $32.95 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 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The firm’s revenue for the quarter was up 38.4% compared to the same quarter last year. On average, equities research analysts expect that Pan American Silver Corp. will post 4.06 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be paid a dividend of $0.184 per share. This is a positive change 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%. The ex-dividend date is Monday, August 24th. Pan American Silver’s dividend payout ratio is 22.36%.

Analysts Set New Price Targets

PAAS has been the subject of a number of analyst reports. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and increased their price target for the company from $67.00 to $72.00 in a report on Tuesday, May 12th. Weiss Ratings downgraded shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Zacks Research upgraded Pan American Silver from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Monday, May 11th. Finally, Scotiabank restated an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.43.

About Pan American Silver

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.