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

De Lisle Partners LLP acquired a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 57,764 shares of the basic materials company’s stock, valued at approximately $2,588,000.

Other institutional investors also recently bought and sold shares of the company. Korea Investment CORP acquired a new position in Pan American Silver during the 2nd quarter valued at approximately $1,030,000. Ieq Capital LLC acquired a new stake in shares of Pan American Silver during the second quarter worth $436,000. Fund Advisors of America Inc FL acquired a new stake in shares of Pan American Silver during the second quarter worth $530,000. Allworth Financial LP purchased a new stake in shares of Pan American Silver during the second quarter valued at $72,000. Finally, NFJ Investment Group LLC purchased a new stake in shares of Pan American Silver during the second quarter valued at $25,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PAAS shares. Scotiabank restated an “outperform” rating on shares of Pan American Silver in a research note on Tuesday, July 14th. TD Cowen raised 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. Bank of America reduced their price objective 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 for the company in a report on Monday, July 6th. Finally, Weiss Ratings lowered Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.43.

Pan American Silver Trading Up 2.3%

Shares of Pan American Silver stock opened at $53.11 on Friday. The stock has a market cap of $22.15 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 4.93 and a beta of 0.73. The firm has a fifty day moving average price of $46.31 and a 200 day moving average price of $52.75. Pan American Silver Corp. has a 1 year low of $31.60 and a 1 year 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 posted its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. Equities research analysts predict that Pan American Silver Corp. will post 4.06 earnings per share for the current year.

Pan American Silver Increases Dividend

The business 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 dividend of $0.184 per share. This represents a $0.74 annualized dividend and a yield of 1.4%. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, August 24th. Pan American Silver’s dividend payout ratio is 21.75%.

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.