Deutsche Bank AG Invests $79.58 Million in Pan American Silver Corp. $PAAS

Key Points

• Deutsche Bank acquired 1.78 million Pan American Silver shares worth approximately $79.6 million during the second quarter, representing a 0.43% stake. Institutional investors collectively own 55.43% of the company.
• Pan American Silver reported quarterly revenue of $1.12 billion, up 38.4% year over year, but earnings of $0.73 per share fell short of analysts’ $0.84 estimate.
• The company raised its quarterly dividend to $0.184 per share, equivalent to $0.74 annually and a 1.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $70.43.

Deutsche Bank AG purchased a new position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,776,800 shares of the basic materials company's stock, valued at approximately $79,583,000. Deutsche Bank AG owned 0.43% of Pan American Silver as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of PAAS. Vanguard Group Inc. increased its stake 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 acquiring an additional 274,168 shares during the last quarter. Swiss Life Asset Management Ltd lifted its stake in Pan American Silver by 46.9% during the fourth quarter. Swiss Life Asset Management Ltd now owns 58,827 shares of the basic materials company's stock worth $3,051,000 after purchasing an additional 18,791 shares during the last quarter. Royal Palms Capital LLC bought a new stake in Pan American Silver during the fourth quarter worth $2,170,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Pan American Silver in the 4th quarter valued at $1,341,000. Finally, Delta Investment Management LLC acquired a new stake in shares of Pan American Silver in the 4th quarter valued at $2,834,000. Institutional investors own 55.43% of the company's stock.

Pan American Silver Stock Performance

Shares of Pan American Silver stock opened at $51.95 on Friday. Pan American Silver Corp. has a fifty-two week low of $31.16 and a fifty-two week 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. The firm has a market capitalization of $21.67 billion, a P/E ratio of 15.69, a P/E/G ratio of 4.67 and a beta of 0.73. The company's 50 day moving average price is $46.22 and its two-hundred day moving average price is $52.75.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its earnings results on Wednesday, August 12th. The basic materials company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.11). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%.The business's quarterly revenue was up 38.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. On average, equities analysts forecast that Pan American Silver Corp. will post 4.03 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be issued a dividend of $0.184 per share. This is a positive change from Pan American Silver's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.74 annualized dividend and a dividend yield of 1.4%. Pan American Silver's dividend payout ratio (DPR) is 21.75%.

Analysts Set New Price Targets

A number of research firms have recently commented on PAAS. Scotiabank reissued an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 14th. Jefferies Financial Group dropped their price objective on Pan American Silver from $54.00 to $53.00 and set a "hold" rating for the company in a research report on Monday, July 6th. TD Securities raised Pan American Silver from a "hold" rating to a "buy" rating and set a $72.00 price objective on the stock in a research note on Monday, May 11th. BMO Capital Markets reiterated a "market perform" rating on shares of Pan American Silver in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $75.00 target price on shares of Pan American Silver in a research note on Tuesday, April 28th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.43.

Pan American Silver Company 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.

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