DekaBank Deutsche Girozentrale raised its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 13.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,636 shares of the basic materials company's stock after buying an additional 24,867 shares during the period. DekaBank Deutsche Girozentrale owned about 0.06% of Pan American Silver worth $4,520,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Pan American Silver by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,225,480 shares of the basic materials company's stock valued at $199,440,000 after buying an additional 159,908 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Pan American Silver by 15,618.3% in the first quarter. Tidal Investments LLC now owns 3,803,507 shares of the basic materials company's stock valued at $57,340,000 after purchasing an additional 3,779,309 shares during the period. Mackenzie Financial Corp grew its stake in Pan American Silver by 51.1% in the second quarter. Mackenzie Financial Corp now owns 3,124,517 shares of the basic materials company's stock worth $62,107,000 after purchasing an additional 1,056,981 shares in the last quarter. TD Asset Management Inc increased its holdings in Pan American Silver by 22.1% during the 2nd quarter. TD Asset Management Inc now owns 2,186,157 shares of the basic materials company's stock worth $43,440,000 after purchasing an additional 395,589 shares during the period. Finally, Driehaus Capital Management LLC bought a new stake in Pan American Silver during the 2nd quarter valued at $38,116,000. Institutional investors own 55.43% of the company's stock.
Pan American Silver Stock Down 1.9 %
Shares of Pan American Silver stock traded down $0.44 during trading on Friday, reaching $22.97. The company's stock had a trading volume of 2,615,089 shares, compared to its average volume of 4,065,241. The company has a 50-day simple moving average of $21.70 and a two-hundred day simple moving average of $21.01. The company has a quick ratio of 0.92, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 1-year low of $12.16 and a 1-year high of $26.05. The company has a market cap of $8.34 billion, a price-to-earnings ratio of -60.00 and a beta of 1.35.
Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its earnings results on Wednesday, August 7th. The basic materials company reported $0.11 earnings per share 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 positive return on equity of 0.66% and a negative net margin of 5.54%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. As a group, equities analysts forecast that Pan American Silver Corp. will post 0.66 earnings per share for the current year.
Pan American Silver Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Monday, August 19th. Pan American Silver's dividend payout ratio (DPR) is -102.56%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Jefferies Financial Group increased their price target on Pan American Silver from $21.00 to $23.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Royal Bank of Canada upped their price target on shares of Pan American Silver from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 10th. Scotiabank lifted their price objective on shares of Pan American Silver from $23.00 to $26.00 and gave the company a "sector outperform" rating in a report on Tuesday, July 16th. Finally, CIBC increased their target price on Pan American Silver from $30.00 to $35.00 and gave the company an "outperformer" rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $24.93.
Read Our Latest Stock Report on PAAS
About Pan American Silver
(
Free Report)
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.
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