GTS Securities LLC Makes New $2.55 Million Investment in Pan American Silver Corp. $PAAS

GTS Securities LLC purchased a new stake in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, HoldingsChannel reports. The institutional investor purchased 56,885 shares of the basic materials company’s stock, valued at approximately $2,548,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Pan American Silver by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock valued at $905,513,000 after buying an additional 274,168 shares during the last quarter. Swiss Life Asset Management Ltd boosted its stake in shares of Pan American Silver by 46.9% during the 4th quarter. Swiss Life Asset Management Ltd now owns 58,827 shares of the basic materials company’s stock worth $3,051,000 after acquiring an additional 18,791 shares during the last quarter. Royal Palms Capital LLC purchased a new position in shares of Pan American Silver during the 4th quarter worth $2,170,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Pan American Silver during the 4th quarter valued at $1,341,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Pan American Silver during the 2nd quarter valued at $2,347,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Pan American Silver Price Performance

Shares of NYSE:PAAS opened at $53.00 on Friday. The company has a market capitalization of $22.10 billion, a P/E ratio of 16.01, a P/E/G ratio of 4.93 and a beta of 0.73. Pan American Silver Corp. has a 1-year low of $32.95 and a 1-year high of $69.99. The firm’s 50 day simple moving average is $46.65 and its two-hundred day simple moving average is $52.70. 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 announced its quarterly earnings data 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). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%.The business’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. Research analysts expect that Pan American Silver Corp. will post 3.91 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be issued a $0.184 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.74 annualized dividend and a yield of 1.4%. This is an increase from Pan American Silver’s previous quarterly dividend of $0.18. Pan American Silver’s payout ratio is currently 22.36%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PAAS shares. TD Cowen upgraded Pan American Silver from a “hold” rating to a “buy” rating and upped their price objective for the stock from $67.00 to $72.00 in a research note on Tuesday, May 12th. Weiss Ratings downgraded Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Zacks Research raised Pan American Silver from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. BMO Capital Markets restated a “market perform” rating on shares of Pan American Silver in a research report on Thursday, August 13th. Finally, Jefferies Financial Group decreased their price objective on Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, July 6th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Pan American Silver currently has an average rating of “Moderate Buy” and an average price target of $70.43.

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.