DJE Kapital AG Decreases Stock Holdings in Pan American Silver Corp. $PAAS

DJE Kapital AG reduced its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 35.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 96,202 shares of the basic materials company’s stock after selling 52,600 shares during the period. DJE Kapital AG’s holdings in Pan American Silver were worth $5,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 387 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Pan American Silver by 1,336.1% during the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 481 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Pan American Silver during the fourth quarter worth $34,000. Laurel Wealth Advisors LLC acquired a new position in shares of Pan American Silver during the fourth quarter worth $41,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Pan American Silver by 173.3% during the 4th quarter. Golden State Wealth Management LLC now owns 820 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Scotiabank reissued an “outperform” rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a research report on Tuesday, April 28th. Zacks Research cut Pan American Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Weiss Ratings downgraded Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Monday, May 11th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $42.28 on Tuesday. Pan American Silver Corp. has a twelve month low of $26.76 and a twelve month high of $69.99. The company’s 50 day moving average is $49.41 and its 200 day moving average is $54.38. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The company has a market cap of $17.64 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 3.89 and a beta of 0.72.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the firm posted $0.42 EPS. Pan American Silver’s revenue for the quarter was up 49.3% compared to the same quarter last year. On average, sell-side analysts forecast that Pan American Silver Corp. will post 4.02 EPS for the current year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, May 19th. Pan American Silver’s dividend payout ratio (DPR) is 23.15%.

Pan American Silver 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.