Groupe la Francaise Has $17.04 Million Position in Pan American Silver Corp. $PAAS

Key Points

• Groupe la Francaise increased its Pan American Silver stake by 11.8% in the second quarter, owning 380,000 shares valued at approximately $17.04 million. Institutional investors and hedge funds collectively own 55.43% of the company.
• Analysts maintain a generally positive outlook, with seven Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $70.43.
• Pan American Silver reported quarterly revenue growth of 38.4% year over year, though earnings and revenue fell short of estimates. The company also raised its quarterly dividend to $0.184, equivalent to a 1.4% annual yield.

Groupe la Francaise grew its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 11.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,000 shares of the basic materials company's stock after buying an additional 40,000 shares during the quarter. Groupe la Francaise owned approximately 0.09% of Pan American Silver worth $17,042,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PAAS. NFJ Investment Group LLC acquired a new stake in shares of Pan American Silver in the second quarter valued at about $25,000. Parallel Advisors LLC raised its holdings in Pan American Silver by 151.8% during the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company's stock worth $25,000 after acquiring an additional 387 shares in the last quarter. Fifth Third Bancorp boosted its position in Pan American Silver by 1,336.1% during the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 481 shares during the last quarter. Danske Bank A S bought a new position in Pan American Silver in the second quarter valued at approximately $30,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Pan American Silver during the 4th quarter worth approximately $34,000. 55.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on PAAS. Weiss Ratings downgraded shares of Pan American Silver from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 16th. Scotiabank reaffirmed an "outperform" rating on shares of Pan American Silver in a report on Tuesday, July 14th. TD Cowen upgraded shares of Pan American Silver from a "hold" rating to a "buy" rating and raised their target price for the company from $67.00 to $72.00 in a research note on Tuesday, May 12th. Zacks Research raised Pan American Silver from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 18th. Finally, BMO Capital Markets restated a "market perform" rating on shares of Pan American Silver in a research note on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Pan American Silver currently has an average rating of "Moderate Buy" and a consensus price target of $70.43.

Pan American Silver Price Performance

NYSE:PAAS opened at $51.31 on Monday. The company has a market cap of $21.30 billion, a P/E ratio of 15.50, a P/E/G ratio of 5.05 and a beta of 0.77. The firm's fifty day moving average price is $47.20 and its two-hundred day moving average price is $52.43. Pan American Silver Corp. has a one year low of $33.08 and a one 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 - Get Free Report) TSE: PAAS last posted its 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). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted $0.43 EPS. Equities analysts expect that Pan American Silver Corp. will post 3.81 earnings per share for the current year.

Pan American Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were issued a $0.184 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.74 annualized dividend and a yield of 1.4%. This is an increase from Pan American Silver's previous quarterly dividend of $0.18. Pan American Silver's payout ratio is currently 22.36%.

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.

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