Edmond DE Rothschild Holding S.A. Invests $2.35 Million in Pan American Silver Corp. $PAAS

Edmond DE Rothschild Holding S.A. acquired a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the 2nd quarter, Holdings Channel reports. The fund acquired 52,408 shares of the basic materials company’s stock, valued at approximately $2,347,000.

Several other hedge funds have also recently added to or reduced their stakes in PAAS. Fifth Third Bancorp lifted its holdings in shares of Pan American Silver by 1,336.1% in the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 481 shares in the last quarter. Parallel Advisors LLC increased its stake 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 worth $25,000 after purchasing an additional 387 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Pan American Silver during the 4th quarter worth approximately $34,000. Danske Bank A S acquired a new position in shares of Pan American Silver during the 2nd quarter worth approximately $30,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in Pan American Silver in the 4th quarter valued at approximately $41,000. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

Pan American Silver Trading Up 3.3%

Shares of Pan American Silver stock opened at $51.95 on Friday. Pan American Silver Corp. has a fifty-two week low of $31.16 and a fifty-two week high of $69.99. The business’s fifty day moving average is $46.22 and its two-hundred day moving average is $52.75. The company has a quick ratio of 2.23, a current ratio of 2.94 and a debt-to-equity ratio of 0.11. The firm has a market cap of $21.67 billion, a PE ratio of 15.69, a P/E/G ratio of 4.67 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its quarterly earnings data on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. Pan American Silver’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Analysts anticipate that Pan American Silver Corp. will post 4.03 earnings per share for the current year.

Pan American Silver Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen cut Pan American Silver from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. BMO Capital Markets reissued a “market perform” rating on shares of Pan American Silver in a report on Thursday, August 13th. Jefferies Financial Group reduced their price objective 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. Bank of America decreased their price objective on Pan American Silver from $77.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a research report on Tuesday, April 28th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock 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.