Edmond DE Rothschild Holding S.A. Makes New Investment in Pan American Silver Corp. $PAAS

Edmond DE Rothschild Holding S.A. bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 52,408 shares of the basic materials company’s stock, valued at approximately $2,347,000.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of Pan American Silver by 48.6% in the 1st quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock worth $504,000 after acquiring an additional 6,391 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Pan American Silver by 574.9% during the first quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock worth $504,000 after acquiring an additional 16,626 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Pan American Silver by 31.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock worth $38,728,000 after acquiring an additional 360,283 shares during the period. Empowered Funds LLC acquired a new position in shares of Pan American Silver during the first quarter worth about $1,272,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Pan American Silver by 53.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PAAS shares. Wall Street Zen downgraded shares of Pan American Silver from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Scotiabank reissued an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. Jefferies Financial Group decreased their price target on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, July 6th. Finally, Weiss Ratings lowered Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.43.

Pan American Silver Stock Up 3.3%

Shares of NYSE PAAS 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. Pan American Silver Corp. has a 52 week low of $31.16 and a 52 week high of $69.99. The firm has a 50-day moving average price of $46.22 and a 200 day moving average price of $52.75. The stock has a market capitalization of $21.67 billion, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 4.67 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share 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 company 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 company posted $0.43 earnings per share. The company’s quarterly revenue was up 38.4% compared to the same quarter last year. Equities research analysts anticipate that Pan American Silver Corp. will post 4.03 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders 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. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.74 annualized dividend and a dividend yield of 1.4%. Pan American Silver’s dividend payout ratio is presently 21.75%.

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.