Privium Fund Management B.V. Boosts Stake in Pan American Silver Corp. $PAAS

Key Points

• Privium Fund Management B.V. has increased its stake in Pan American Silver Corp. by 39.8%, now owning 29,747 shares valued at approximately $845,000.
• Pan American Silver has recently reported quarterly earnings of $0.43 EPS, surpassing analyst expectations, with revenue reaching $811.90 million for the quarter, an 18.3% increase year-over-year.
• The company has also announced an increase in its quarterly dividend from $0.10 to $0.12 per share, with a current yield of 1.2%.

Privium Fund Management B.V. increased its stake in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 39.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,747 shares of the basic materials company's stock after acquiring an additional 8,463 shares during the period. Privium Fund Management B.V.'s holdings in Pan American Silver were worth $845,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its stake in Pan American Silver by 87.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 215,636 shares of the basic materials company's stock worth $6,010,000 after purchasing an additional 100,444 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Pan American Silver during the 2nd quarter valued at about $266,000. Oxbow Advisors LLC raised its holdings in shares of Pan American Silver by 34.3% during the 2nd quarter. Oxbow Advisors LLC now owns 449,985 shares of the basic materials company's stock valued at $12,780,000 after buying an additional 114,875 shares in the last quarter. Lesa Sroufe & Co lifted its position in Pan American Silver by 1.9% in the 2nd quarter. Lesa Sroufe & Co now owns 195,761 shares of the basic materials company's stock worth $5,560,000 after buying an additional 3,572 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in Pan American Silver by 33.5% in the second quarter. Allianz Asset Management GmbH now owns 95,641 shares of the basic materials company's stock worth $2,708,000 after buying an additional 24,003 shares in the last quarter. Institutional investors own 55.43% of the company's stock.

Pan American Silver Trading Up 2.3%

Shares of PAAS opened at $39.32 on Tuesday. The stock has a market capitalization of $16.59 billion, a P/E ratio of 27.12, a PEG ratio of 0.48 and a beta of 0.63. Pan American Silver Corp. has a twelve month low of $19.80 and a twelve month high of $42.57. 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 firm has a fifty day simple moving average of $36.04 and a two-hundred day simple moving average of $30.14.

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

Pan American Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a $0.12 dividend. This is an increase from Pan American Silver's previous quarterly dividend of $0.10. The ex-dividend date was Monday, August 18th. This represents a $0.48 annualized dividend and a yield of 1.2%. Pan American Silver's dividend payout ratio (DPR) is 33.10%.

Analyst Upgrades and Downgrades

PAAS has been the topic of several research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Pan American Silver in a research note on Tuesday, October 14th. Scotiabank lowered their price target on shares of Pan American Silver from $36.50 to $36.00 and set an "outperform" rating for the company in a research note on Friday, September 5th. National Bank Financial upgraded shares of Pan American Silver to a "strong-buy" rating in a research report on Thursday, September 4th. Zacks Research cut Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, CIBC boosted their target price on Pan American Silver from $50.00 to $62.00 and gave the company an "outperformer" rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Pan American Silver has an average rating of "Moderate Buy" and an average target price of $38.50.

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.