Electrum Group LLC Buys New Stake in Pan American Silver Corp. $PAAS

Electrum Group LLC bought a new stake in Pan American Silver Corp. (NYSE:PAASFree Report) (TSE:PAAS) during the 4th quarter, Holdings Channel reports. The institutional investor bought 216,130 shares of the basic materials company’s stock, valued at approximately $11,198,000. Pan American Silver makes up about 1.0% of Electrum Group LLC’s investment portfolio, making the stock its 7th biggest position.

Several other large investors have also recently bought and sold shares of PAAS. Van ECK Associates Corp increased its holdings in Pan American Silver by 51.8% in the third quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock valued at $1,748,355,000 after buying an additional 15,405,762 shares during the last quarter. Norges Bank purchased a new position in Pan American Silver in the fourth quarter valued at $303,611,000. First Eagle Investment Management LLC purchased a new position in Pan American Silver in the third quarter valued at $178,004,000. Capital International Investors purchased a new position in Pan American Silver in the fourth quarter valued at $215,484,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Pan American Silver by 38.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock valued at $560,149,000 after buying an additional 4,037,311 shares during the last quarter. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PAAS shares. Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 30th. TD Cowen upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and upped their price objective for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Monday, May 11th. Royal Bank Of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Pan American Silver in a research note on Tuesday, April 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Pan American Silver in a research note on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Pan American Silver presently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

Check Out Our Latest Analysis on Pan American Silver

Pan American Silver Stock Performance

NYSE PAAS opened at $46.02 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. Pan American Silver Corp. has a 1 year low of $26.76 and a 1 year high of $69.99. The company has a market capitalization of $19.39 billion, a PE ratio of 14.80, a P/E/G ratio of 0.37 and a beta of 0.67. The company has a fifty day moving average of $55.47 and a two-hundred day moving average of $54.74.

Pan American Silver (NYSE:PAASGet Free Report) (TSE:PAAS) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Pan American Silver’s revenue for the quarter was up 49.3% on a year-over-year basis. As a group, analysts expect that Pan American Silver Corp. will post 4.65 earnings per share for the current year.

Pan American Silver Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.6%. Pan American Silver’s dividend payout ratio is 23.15%.

Pan American Silver Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Pan American Silver (NYSE:PAAS)

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