25,881 Shares in Pan American Silver Corp. $PAAS Purchased by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. bought a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,881 shares of the basic materials company’s stock, valued at approximately $1,341,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Knights of Columbus Asset Advisors LLC lifted its holdings in Pan American Silver by 176.9% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 114,780 shares of the basic materials company’s stock worth $4,445,000 after buying an additional 73,326 shares during the period. J. Safra Sarasin Holding AG lifted its holdings in Pan American Silver by 117.9% in the third quarter. J. Safra Sarasin Holding AG now owns 43,946 shares of the basic materials company’s stock worth $1,702,000 after buying an additional 23,780 shares during the period. Hollencrest Capital Management lifted its holdings in Pan American Silver by 214.3% in the third quarter. Hollencrest Capital Management now owns 121,633 shares of the basic materials company’s stock worth $4,711,000 after buying an additional 82,932 shares during the period. Campbell & CO Investment Adviser LLC lifted its holdings in Pan American Silver by 363.2% in the third quarter. Campbell & CO Investment Adviser LLC now owns 151,801 shares of the basic materials company’s stock worth $5,879,000 after buying an additional 119,028 shares during the period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Pan American Silver in the third quarter worth about $1,074,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on PAAS. Canadian Imperial Bank of Commerce set a $88.00 target price on shares of Pan American Silver and gave the company an “outperform” rating in a report on Wednesday, February 4th. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and lifted their target price for the company from $67.00 to $72.00 in a report on Tuesday. Zacks Research lowered shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a report on Monday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $75.00 target price on shares of Pan American Silver in a report on Tuesday, April 28th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.00.

Pan American Silver Trading Down 0.3%

NYSE:PAAS opened at $63.59 on Thursday. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a 12 month low of $22.08 and a 12 month high of $69.99. The company has a market cap of $26.79 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 0.52 and a beta of 0.65. The company has a 50 day simple moving average of $56.10 and a two-hundred day simple moving average of $52.39.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. Research analysts forecast that Pan American Silver Corp. will post 4.45 earnings per share for the current year.

Pan American Silver Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 19th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, May 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.1%. Pan American Silver’s payout ratio is 23.15%.

Pan American Silver Company 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.