DekaBank Deutsche Girozentrale Has $3.02 Million Stock Position in Pan American Silver Corp. (NYSE:PAAS)

DekaBank Deutsche Girozentrale lowered its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 46.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,192 shares of the basic materials company's stock after selling 100,444 shares during the period. DekaBank Deutsche Girozentrale's holdings in Pan American Silver were worth $3,024,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Signaturefd LLC lifted its position in shares of Pan American Silver by 6.0% in the fourth quarter. Signaturefd LLC now owns 7,924 shares of the basic materials company's stock worth $160,000 after buying an additional 451 shares during the last quarter. US Bancorp DE lifted its position in shares of Pan American Silver by 9.6% in the fourth quarter. US Bancorp DE now owns 6,139 shares of the basic materials company's stock worth $124,000 after buying an additional 539 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Pan American Silver by 23.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,892 shares of the basic materials company's stock worth $58,000 after buying an additional 549 shares during the last quarter. Evergreen Capital Management LLC lifted its position in shares of Pan American Silver by 2.4% in the fourth quarter. Evergreen Capital Management LLC now owns 30,203 shares of the basic materials company's stock worth $611,000 after buying an additional 715 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Pan American Silver by 39.8% in the first quarter. Farther Finance Advisors LLC now owns 2,720 shares of the basic materials company's stock worth $70,000 after buying an additional 775 shares during the last quarter. Institutional investors and hedge funds own 55.43% of the company's stock.

Pan American Silver Stock Performance

Shares of NYSE PAAS traded up $0.99 during trading hours on Friday, hitting $30.33. 7,831,073 shares of the company's stock were exchanged, compared to its average volume of 3,986,115. Pan American Silver Corp. has a 1-year low of $17.86 and a 1-year high of $30.48. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.93 and a quick ratio of 1.94. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 34.86, a PEG ratio of 0.53 and a beta of 0.67. The company's 50-day moving average price is $26.79 and its 200-day moving average price is $24.98.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.19 by $0.23. The firm had revenue of $773.20 million during the quarter, compared to analysts' expectations of $696.62 million. Pan American Silver had a return on equity of 9.25% and a net margin of 10.45%. The company's revenue for the quarter was up 28.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 EPS. On average, sell-side analysts expect that Pan American Silver Corp. will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 annualized dividend and a yield of 1.32%. Pan American Silver's dividend payout ratio (DPR) is 45.98%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PAAS shares. Scotiabank reaffirmed a "sector perform" rating on shares of Pan American Silver in a research report on Monday, April 14th. National Bankshares reissued an "outperform" rating on shares of Pan American Silver in a research report on Wednesday, April 2nd. Wall Street Zen raised Pan American Silver from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 15th. BMO Capital Markets initiated coverage on Pan American Silver in a research report on Wednesday, April 16th. They set a "market perform" rating for the company. Finally, TD Securities cut their price objective on Pan American Silver from $30.00 to $26.00 and set a "hold" rating for the company in a research report on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $30.60.

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.