DJE Kapital AG Acquires Shares of 150,402 Pan American Silver Corp. (NYSE:PAAS)

DJE Kapital AG bought a new stake in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 150,402 shares of the basic materials company's stock, valued at approximately $3,039,000.

Several other hedge funds also recently modified their holdings of the stock. Creative Planning lifted its position in shares of Pan American Silver by 10.2% during the 3rd quarter. Creative Planning now owns 33,004 shares of the basic materials company's stock worth $689,000 after buying an additional 3,051 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Pan American Silver in the third quarter worth $1,659,000. US Bancorp DE grew its stake in Pan American Silver by 13.4% in the 3rd quarter. US Bancorp DE now owns 5,600 shares of the basic materials company's stock valued at $117,000 after purchasing an additional 660 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Pan American Silver by 12.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 37,962 shares of the basic materials company's stock worth $792,000 after purchasing an additional 4,258 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Pan American Silver by 6.3% in the 3rd quarter. Van ECK Associates Corp now owns 39,512,808 shares of the basic materials company's stock worth $824,632,000 after buying an additional 2,328,306 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company's stock.

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Pan American Silver Price Performance

NYSE PAAS traded down $0.45 on Thursday, reaching $24.49. 2,709,382 shares of the company's stock traded hands, compared to its average volume of 3,053,639. The stock has a 50-day simple moving average of $22.79 and a 200 day simple moving average of $22.19. Pan American Silver Corp. has a 12 month low of $13.48 and a 12 month high of $26.05. The stock has a market cap of $8.87 billion, a PE ratio of 76.52 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.50 and a quick ratio of 0.96.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $815.10 million for the quarter, compared to analysts' expectations of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. As a group, research analysts predict that Pan American Silver Corp. will post 1.26 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.63%. Pan American Silver's dividend payout ratio is currently 125.00%.

Analysts Set New Price Targets

PAAS has been the subject of a number of recent research reports. TD Securities raised their target price on Pan American Silver from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. StockNews.com downgraded Pan American Silver from a "buy" rating to a "hold" rating in a research report on Sunday, December 1st. Royal Bank of Canada boosted their price objective on Pan American Silver from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Finally, Scotiabank raised their price objective on shares of Pan American Silver from $28.00 to $28.50 and gave the company a "sector outperform" rating in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.08.

Pan American Silver Company Profile

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.