Danica Pension Livsforsikringsaktieselskab Takes Position in Pan American Silver Corp. $PAAS

Danica Pension Livsforsikringsaktieselskab purchased a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the second quarter, Holdings Channel reports. The institutional investor purchased 98,723 shares of the basic materials company’s stock, valued at approximately $6,277,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Danske Bank A S purchased a new position in Pan American Silver during the second quarter valued at $30,000. Oxbow Advisors LLC purchased a new stake in shares of Pan American Silver during the second quarter worth about $418,000. Wealthfront Advisers LLC acquired a new position in shares of Pan American Silver during the 2nd quarter worth about $535,000. Paladin Partners LLC acquired a new position in shares of Pan American Silver during the 2nd quarter worth about $40,000. Finally, BlackRock Inc. purchased a new position in Pan American Silver in the 2nd quarter valued at about $375,948,000. Hedge funds and other institutional investors own 55.43% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Jefferies Financial Group decreased their target price 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. BMO Capital Markets reissued a “market perform” rating on shares of Pan American Silver in a research note on Thursday, August 13th. Zacks Research lowered Pan American Silver from a “hold” rating to a “strong sell” rating in a report on Friday, July 17th. Wall Street Zen cut shares of Pan American Silver from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings lowered shares of Pan American Silver from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Trading Down 3.1%

Shares of Pan American Silver stock opened at $46.60 on Wednesday. The stock has a market cap of $19.44 billion, a P/E ratio of 14.08, a P/E/G ratio of 4.10 and a beta of 0.73. The stock’s 50 day simple moving average is $45.98 and its 200-day simple moving average is $52.85. Pan American Silver Corp. has a 1-year low of $30.59 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.11). Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the company earned $0.43 earnings per share. Pan American Silver’s revenue for the quarter was up 38.4% on a year-over-year basis. Analysts predict that Pan American Silver Corp. will post 4.11 EPS for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be paid a dividend of $0.184 per share. This represents a $0.74 dividend on an annualized basis and a yield of 1.6%. This is an increase 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 presently 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.