Pan American Silver Corp. $PAAS Shares Acquired by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. increased its holdings in Pan American Silver Corp. by 16.3%, acquiring an additional 15,572 shares, bringing their total to 111,030 shares valued at approximately $2.87 million.
• During the last quarter, other institutional investors, including First Trust Advisors LP and Northern Trust Corp, also significantly raised their stakes in Pan American Silver, indicating growing investor confidence.
• Pan American Silver recently reported earnings of $0.43 per share, surpassing expectations, and announced a dividend increase to $0.12 per quarter, reflecting a commitment to returning value to shareholders.

Edmond DE Rothschild Holding S.A. increased its position in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 16.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,030 shares of the basic materials company's stock after acquiring an additional 15,572 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Pan American Silver were worth $2,868,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PAAS. First Trust Advisors LP increased its holdings in shares of Pan American Silver by 226.1% in the 4th quarter. First Trust Advisors LP now owns 56,407 shares of the basic materials company's stock worth $1,141,000 after acquiring an additional 39,111 shares during the period. Northern Trust Corp increased its stake in Pan American Silver by 210.1% during the 4th quarter. Northern Trust Corp now owns 83,871 shares of the basic materials company's stock valued at $1,696,000 after buying an additional 56,826 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in Pan American Silver during the 4th quarter valued at about $222,000. Ameriprise Financial Inc. increased its stake in Pan American Silver by 18.3% during the 4th quarter. Ameriprise Financial Inc. now owns 3,146,182 shares of the basic materials company's stock valued at $63,658,000 after buying an additional 486,622 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Pan American Silver by 17.0% during the 4th quarter. BNP Paribas Financial Markets now owns 55,488 shares of the basic materials company's stock valued at $1,122,000 after buying an additional 8,081 shares during the period. Institutional investors and hedge funds own 55.43% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on PAAS. Wall Street Zen cut shares of Pan American Silver from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Zacks Research cut shares of Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. TD Securities lowered their target price on shares of Pan American Silver from $30.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, May 22nd. Finally, CIBC reissued an "outperform" rating on shares of Pan American Silver in a research note on Tuesday, July 15th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Pan American Silver currently has a consensus rating of "Hold" and a consensus price target of $31.40.

Pan American Silver Stock Performance

Shares of PAAS opened at $33.62 on Friday. The firm's 50 day moving average is $30.34 and its 200-day moving average is $27.21. The stock has a market capitalization of $12.16 billion, a P/E ratio of 23.18, a P/E/G ratio of 0.43 and a beta of 0.65. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.05 and a quick ratio of 2.11. Pan American Silver Corp. has a 12-month low of $18.50 and a 12-month high of $35.00.

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

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid a $0.12 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. This is an increase from Pan American Silver's previous quarterly dividend of $0.10. Pan American Silver's dividend payout ratio is presently 33.10%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.