De Lisle Partners LLP Takes $2.59 Million Position in Pan American Silver Corp. $PAAS

De Lisle Partners LLP bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 57,764 shares of the basic materials company’s stock, valued at approximately $2,588,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NFJ Investment Group LLC acquired a new position in shares of Pan American Silver in the second quarter worth about $25,000. Parallel Advisors LLC grew its position in shares of Pan American Silver by 151.8% during the 3rd 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 during the period. Fifth Third Bancorp grew its position in shares of Pan American Silver by 1,336.1% during the 1st quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 481 shares during the period. Danske Bank A S purchased a new position in shares of Pan American Silver in the 2nd quarter valued at about $30,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Pan American Silver in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PAAS shares. Weiss Ratings downgraded Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Bank of America reduced their target price on Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Jefferies Financial Group decreased their target price on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, July 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Pan American Silver in a report on Tuesday, April 28th. Finally, TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and increased their price objective for the company from $67.00 to $72.00 in a report on Tuesday, May 12th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $53.11 on Friday. The stock has a market capitalization of $22.15 billion, a P/E ratio of 16.05, a PEG ratio of 4.93 and a beta of 0.73. The business has a 50 day simple moving average of $46.31 and a two-hundred day simple moving average of $52.75. Pan American Silver Corp. has a 12 month low of $31.60 and a 12 month high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. The business’s revenue was up 38.4% on a year-over-year basis. As a group, analysts predict that Pan American Silver Corp. will post 4.06 EPS for the current fiscal year.

Pan American Silver Increases Dividend

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

About Pan American Silver

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.