DekaBank Deutsche Girozentrale Has $3.88 Million Holdings in Pan American Silver Corp. (NYSE:PAAS)

DekaBank Deutsche Girozentrale raised its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 65.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 190,769 shares of the basic materials company's stock after buying an additional 75,577 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.05% of Pan American Silver worth $3,877,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Foundry Partners LLC grew its holdings in Pan American Silver by 11.6% in the 1st quarter. Foundry Partners LLC now owns 247,676 shares of the basic materials company's stock worth $3,735,000 after buying an additional 25,835 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Pan American Silver in the first quarter worth $1,565,000. Norges Bank acquired a new position in shares of Pan American Silver during the fourth quarter valued at $63,066,000. Gamco Investors INC. ET AL bought a new stake in shares of Pan American Silver during the first quarter valued at about $421,000. Finally, BNP Paribas Financial Markets lifted its holdings in Pan American Silver by 97.7% in the fourth quarter. BNP Paribas Financial Markets now owns 146,950 shares of the basic materials company's stock worth $2,400,000 after purchasing an additional 72,607 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Price Performance

Shares of NYSE:PAAS traded down $0.46 on Wednesday, reaching $20.43. 3,528,931 shares of the company traded hands, compared to its average volume of 4,136,057. The stock has a market capitalization of $7.42 billion, a PE ratio of -44.39 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 0.92. The company's 50 day moving average is $21.04 and its 200-day moving average is $19.45. Pan American Silver Corp. has a fifty-two week low of $12.16 and a fifty-two week high of $24.27.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last announced its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.04). The company had revenue of $686.30 million for the quarter, compared to analysts' expectations of $696.08 million. Pan American Silver had a negative net margin of 5.54% and a positive return on equity of 0.66%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.04 earnings per share. As a group, analysts anticipate that Pan American Silver Corp. will post 0.59 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, August 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.96%. Pan American Silver's dividend payout ratio is currently -86.96%.

Analyst Ratings Changes

Several research firms have commented on PAAS. Jefferies Financial Group lowered their target price on shares of Pan American Silver from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, September 13th. Scotiabank boosted their target price on Pan American Silver from $23.00 to $26.00 and gave the stock a "sector outperform" rating in a report on Tuesday, July 16th. CIBC upped their target price on Pan American Silver from $30.00 to $35.00 and gave the stock an "outperformer" rating in a research report on Wednesday, July 10th. Royal Bank of Canada lifted their price target on Pan American Silver from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Finally, BMO Capital Markets upped their price objective on Pan American Silver from $22.00 to $24.00 in a report on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Pan American Silver has an average rating of "Moderate Buy" and a consensus price target of $24.64.

About Pan American Silver

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.