92,130 Shares in Pan American Silver Corp. $PAAS Acquired by Electrum Group LLC

Electrum Group LLC purchased a new position in shares of Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the second quarter, Holdings Channel reports. The fund purchased 92,130 shares of the basic materials company’s stock, valued at approximately $4,126,503,000. Pan American Silver makes up about 0.1% of Electrum Group LLC’s investment portfolio, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the business. AQR Capital Management LLC increased its stake in shares of Pan American Silver by 48.6% in the first quarter. AQR Capital Management LLC now owns 19,529 shares of the basic materials company’s stock worth $504,000 after acquiring an additional 6,391 shares during the period. Jones Financial Companies Lllp lifted its position in Pan American Silver by 574.9% during the first quarter. Jones Financial Companies Lllp now owns 19,518 shares of the basic materials company’s stock valued at $504,000 after purchasing an additional 16,626 shares during the period. Goldman Sachs Group Inc. lifted its position in Pan American Silver by 31.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,499,343 shares of the basic materials company’s stock valued at $38,728,000 after purchasing an additional 360,283 shares during the period. Empowered Funds LLC purchased a new stake in Pan American Silver in the first quarter valued at $1,272,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Pan American Silver by 53.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 594 shares during the last quarter. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PAAS. Jefferies Financial Group reduced their price objective on Pan American Silver from $54.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, July 6th. Wall Street Zen downgraded Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings lowered Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Bank of America reduced their price target on Pan American Silver from $77.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Zacks Research downgraded Pan American Silver from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Price Performance

Shares of NYSE PAAS opened at $46.60 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.23 and a current ratio of 2.94. The firm has a fifty day moving average of $45.98 and a 200 day moving average of $52.85. The firm has a market cap of $19.44 billion, a PE ratio of 14.08, a PEG ratio of 4.10 and a beta of 0.73. Pan American Silver Corp. has a one year low of $30.59 and a one year high of $69.99.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the business earned $0.43 earnings per share. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. As a group, research analysts predict that Pan American Silver Corp. will post 4.11 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be paid a $0.184 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.74 dividend on an annualized basis and a yield of 1.6%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.18. Pan American Silver’s dividend payout ratio is 21.75%.

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.