Electrum Group LLC Buys Shares of 216,130 Pan American Silver Corp. $PAAS

Electrum Group LLC bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 216,130 shares of the basic materials company’s stock, valued at approximately $11,198,000. Pan American Silver accounts for approximately 1.0% of Electrum Group LLC’s investment portfolio, making the stock its 7th biggest holding. Electrum Group LLC owned 0.05% of Pan American Silver as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position 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 purchasing an additional 15,405,762 shares during the period. Vanguard Group Inc. raised its position in Pan American Silver by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 17,465,779 shares of the basic materials company’s stock valued at $905,513,000 after purchasing an additional 274,168 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 purchasing an additional 4,037,311 shares during the period. Invesco Ltd. raised its position in Pan American Silver by 9.8% in the third quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock valued at $383,365,000 after purchasing an additional 882,135 shares during the period. Finally, Norges Bank purchased a new stake in Pan American Silver in the fourth quarter valued at approximately $303,611,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PAAS. TD Securities raised Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pan American Silver in a research report on Tuesday, May 12th. Zacks Research lowered Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Pan American Silver in a research report on Tuesday, April 28th. Finally, Wall Street Zen lowered Pan American Silver from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.00.

Pan American Silver Stock Down 2.7%

Pan American Silver stock opened at $46.02 on Wednesday. Pan American Silver Corp. has a twelve month low of $26.76 and a twelve month high of $69.99. The stock’s fifty day simple moving average is $55.47 and its 200-day simple moving average is $54.74. The company has a current ratio of 2.84, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $19.39 billion, a P/E ratio of 14.80, a P/E/G ratio of 0.37 and a beta of 0.67.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a return on equity of 19.50% and a net margin of 31.66%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company earned $0.42 earnings per share. The company’s revenue was up 49.3% on a year-over-year basis. As a group, equities analysts expect that Pan American Silver Corp. will post 4.65 earnings per share for the current fiscal year.

Pan American Silver Dividend Announcement

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

About Pan American Silver

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.