150,402 Shares in Pan American Silver Corp. (NYSE:PAAS) Acquired by DJE Kapital AG

DJE Kapital AG acquired a new position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 150,402 shares of the basic materials company’s stock, valued at approximately $3,039,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAAS. Comprehensive Financial Planning Inc. PA acquired a new position in Pan American Silver in the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC acquired a new position in Pan American Silver in the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Pan American Silver during the 3rd quarter valued at $32,000. Decker Retirement Planning Inc. acquired a new stake in shares of Pan American Silver during the 4th quarter valued at $32,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Pan American Silver during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PAAS shares. TD Securities lifted their target price on shares of Pan American Silver from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday. Scotiabank lifted their target price on shares of Pan American Silver from $28.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Tuesday, February 25th. Royal Bank of Canada lifted their target price on shares of Pan American Silver from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, StockNews.com lowered shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Sunday, December 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Pan American Silver has an average rating of “Moderate Buy” and an average price target of $28.08.

Pan American Silver Stock Down 0.4 %

Pan American Silver stock opened at $23.82 on Monday. The company has a market capitalization of $8.62 billion, a P/E ratio of 74.42 and a beta of 1.28. The firm’s fifty day simple moving average is $22.67 and its 200-day simple moving average is $22.14. The company has a current ratio of 2.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Pan American Silver Corp. has a 1-year low of $12.19 and a 1-year high of $26.05.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $815.10 million for the quarter, compared to the consensus estimate of $805.20 million. Pan American Silver had a net margin of 3.98% and a return on equity of 6.14%. Sell-side analysts forecast that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.40 annualized dividend and a yield of 1.68%. Pan American Silver’s dividend payout ratio (DPR) is presently 125.00%.

About Pan American Silver

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.