Deutsche Bank AG Has $22.46 Million Stake in Pan American Silver Corp. $PAAS

Key Points

• Deutsche Bank AG has increased its stake in Pan American Silver Corp. by 9.6%, bringing its total holdings to 869,419 shares valued at approximately $22.46 million.
• Several large investors, including Geode Capital Management LLC and Envestnet Asset Management Inc., have also increased their positions in Pan American Silver, indicating growing institutional interest in the company.
• Pan American Silver recently reported stronger-than-expected earnings with a 0.43 EPS, exceeding analyst estimates, and has announced a dividend increase from $0.10 to $0.12 per share.

Deutsche Bank AG grew its position in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 9.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 869,419 shares of the basic materials company's stock after buying an additional 75,879 shares during the period. Deutsche Bank AG owned approximately 0.24% of Pan American Silver worth $22,457,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Graybill Wealth Management LTD. bought a new stake in shares of Pan American Silver during the first quarter worth about $33,000. Farther Finance Advisors LLC grew its holdings in shares of Pan American Silver by 39.8% during the first quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock worth $70,000 after purchasing an additional 775 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Pan American Silver by 507.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the basic materials company's stock valued at $116,000 after buying an additional 3,759 shares during the period. Rossby Financial LCC acquired a new stake in shares of Pan American Silver in the first quarter valued at about $151,000. Finally, US Bancorp DE increased its stake in shares of Pan American Silver by 13.4% in the first quarter. US Bancorp DE now owns 6,959 shares of the basic materials company's stock valued at $180,000 after buying an additional 820 shares during the period. Institutional investors own 55.43% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on PAAS. TD Securities reduced their target price on Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. CIBC reiterated an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 15th. Finally, Wall Street Zen cut Pan American Silver from a "strong-buy" rating to a "buy" rating in a report on Saturday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Pan American Silver currently has an average rating of "Moderate Buy" and an average target price of $31.40.

Pan American Silver Trading Down 0.7%

PAAS traded down $0.23 during trading on Monday, hitting $31.40. The company's stock had a trading volume of 935,044 shares, compared to its average volume of 4,548,067. Pan American Silver Corp. has a twelve month low of $18.50 and a twelve month high of $32.50. The company has a quick ratio of 2.11, a current ratio of 3.05 and a debt-to-equity ratio of 0.15. The stock's fifty day moving average price is $29.23 and its 200-day moving average price is $26.43. The firm has a market capitalization of $11.36 billion, a P/E ratio of 21.66, a PEG ratio of 0.43 and a beta of 0.60.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. Pan American Silver had a return on equity of 11.49% and a net margin of 16.80%. The firm had revenue of $811.90 million for the quarter, compared to analyst estimates of $782.12 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The company's revenue was up 18.3% compared to the same quarter last year. Analysts anticipate that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be issued a $0.12 dividend. The ex-dividend date is Monday, August 18th. This is an increase from Pan American Silver's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.5%. Pan American Silver's dividend payout ratio is currently 27.59%.

Pan American Silver Company Profile

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.