E Fund Management Co. Ltd. Acquires Shares of 12,686 Pan American Silver Corp. $PAAS

E Fund Management Co. Ltd. acquired a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,686 shares of the basic materials company’s stock, valued at approximately $568,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in shares of Pan American Silver by 48.6% in the first quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock valued at $504,000 after buying an additional 6,391 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Pan American Silver by 574.9% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. lifted its position in Pan American Silver by 31.6% during the 1st 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 in the last quarter. Empowered Funds LLC purchased a new position in Pan American Silver in the 1st quarter worth approximately $1,272,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Pan American Silver by 53.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 594 shares during the period. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Trading Up 3.3%

Shares of PAAS opened at $51.95 on Friday. Pan American Silver Corp. has a one year low of $31.16 and a one year high of $69.99. The stock has a 50-day moving average price of $46.22 and a 200 day moving average price of $52.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94. The company has a market capitalization of $21.67 billion, a P/E ratio of 15.69, a P/E/G ratio of 4.67 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (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 business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Pan American Silver’s revenue for the quarter was up 38.4% compared to the same quarter last year. Sell-side analysts forecast that Pan American Silver Corp. will post 4.03 EPS for the current fiscal year.

Pan American Silver Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Monday, May 11th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and raised their price target for the company from $67.00 to $72.00 in a report on Tuesday, May 12th. Finally, Zacks Research raised shares of Pan American Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.43.

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.